Falling coal prices slash Semirara profit by 30%

MANILA, Philippines  —Record-high coal shipments failed to lift the earnings of Consunji-led Semirara Mining and Power Corp. in 2023, as low selling prices triggered a 30-percent decline in profits. In a stock exchange filing on Wednesday, Semirara said its net income last year fell to P27.9 billion from P39.9 billion in 2022. The average selling
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