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Aboitiz Power books P10.3-B Q2 income, up 46 pct

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ABS-CBN News

<p>MANILA -- Aboitiz Power Corporation on Thursday said it recorded a consolidated net income of P10.3 billion for the second quarter of 2023, 46 percent higher than the P7 billion recorded in the same period in 2022.</p><p>The company&#x27;s net income for the first six months of 2023, meanwhile, stood at P17.8 billion, 79 percent higher than the P10 billion recorded during the same period in 2022.</p><p>&quot;The company had an exceptional performance in the first six months of 2023, driven by fresh contributions of our strategic investments and operational excellence outcomes,&quot; said company president and CEO Emmanuel Rubio.</p><p>He added that the company remains on track to a 50:50 balanced mix portfolio by 2030.</p><p>It currently has around 4,000 MW with the goal to double that to 9200 MW by 2030. </p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/video/business/05/03/23/aboitiz-power-eyes-lng-investments">Aboitiz Power eyes LNG investments</a></li>	<li><a href="https://news.abs-cbn.com/business/06/22/23/aboitiz-powers-japanese-partner-jera-pioneers-new-decarbonization-tech">Aboitiz Power&#x27;s Japanese partner JERA pioneers new decarbonization tech using ammonia, hydrogen</a></li></ul><div><strong>RELATED STORY:</strong></div><figure class="op-interactive"><iframe allow="autoplay; fullscreen" frameBorder="0" height="100%" id="ivsplayer01" scrolling="no" src="https://player.ivideosmart.com/ivsplayer/v4/dist/html/iframe-src.html?iframeid=ivsplayer01&amp;key=e8c22c015ca9eafa76f1e3edfa03c603&amp;spid=3001339&amp;vid=2602648" width="100%"></iframe></figure><div class="iwantbar">Watch more News on <a href="https://www.iwanttfc.com/#!/browse/Genres/News/tag_id_genres/id_news" target="_blank">iWantTFC</a></div>

Aboitiz Power Corporation on Thursday said it recorded a consolidated net income of P10.3 billion for the second quarter of 2023.