Lopez-led First Gen Corporation net income declined by eight percent to $194 million in three quarters this year from the year-ago level of $211 million.
But due to the depreciation of the Philippine peso versus the US dollar, the company was able to register flat earnings at P10.2 billion dur
Owing to disrupted fuel supply in its gas-fired power plants due to the depleting state of the Malampaya gas field, the recurring net income of First Gen Corporation in the first half decelerated by 13 percent to P6.6 billion ($128 million) from a rosier financial outcome of P7.8 billion ($148 milli
Lopez-led First Gen Corporation has earmarked $550-million capital expenditure (capex) to bankroll its ongoing projects, with the bulk going into into expansion ventures of subsidiary Energy Development Corporation. During the company’s annual stockholders meeting, Emmanuel P. Singson, chief fin
First Gen Corp. posted a lower recurring net income of P3 billion in the first quarter from P3.8 billion a year ago, mainly due to the lower contribution of its gas and geothermal units. The Lopez-led firm said in a statement that the natural gas platform incurred a 27-percent decrease…
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