Power business fuels Aboitiz Equity profit

MANILA, Philippines  – The Aboitiz family conglomerate saw stable profit of P23.5 billion in 2023 as gains at most business segments offset softer earnings at its banking business, which recorded a sharp increase in credit loss expenses as interest rates surged. Aboitiz Equity Ventures (AEV) saw full-year profit slip by 2 percent while core earnings
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