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Alsons lists P1.3-B debt papers - BusinessWorld Online

Alsons lists P1.3-B debt papers - BusinessWorld Online
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Alsons nets P397M in first quarter


Published May 14, 2021, 4:43 PM
Alcantara-led Alsons Consolidated Resources Inc. (ACR) registered increase in its first quarter net earnings to P379 million versus year ago’s P310 million.
The income attributable to the parent firm has also gone up to P93 million compared to a leaner P55 million within the same three-month period in 2020.
On the revenue front, the publicly listed Alcantara firm noted that this was down to P2.16 billion as against P2.21 billion in the same first quarter last year.
The company said its power facilities have been on seamless operations and in providing the energy needs of its customers in Mindanao grid, hence, they have been driving up the stream of cash for the Alsons group. ....

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Alcantara retires as Alsons chairman


Tomas I. Alcantara (Photo credit: https://www.acr.com.ph)
Taking his place is his older  brother, Nicasio I. Alcantara, who will be pursuing the company’s  aggressive expansion projects in the power sector, primarily renewable energy as the next focus of its investments trajectory.
ACR announced that Tomas Alcantara, known to their employees and executives as “TIA”,  will remain as board director in the company. No particular details were given on his current state of health, which prompted his decision to finally pass the baton to another family member in leading their corporation.
Nicasio I. Alcantara (Photo credit: https://acrmc.com.ph/) ....

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Alsons appoints Nicasio Alcantara as president, chairman


February 19, 2021 | 12:05 am
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ALSONS Consolidated Resources, Inc. (ACR) on Thursday has named a new president and chairman to lead the firm starting March.
In a disclosure to the local bourse, ACR said that Nicasio I. Alcantara would be the next president and chairman of the company, which was helmed by Tomas I. Alcantara.
It said Tomas Alcantara decided to retire for health reasons, but would remain a director of the company. His retirement would take effect on March 1, the firm said.
Nicasio Alcantara previously led ACR as its chairman and president from 1995 to 2001. From 2001 to 2009, he was the chairman and chief executive officer of Petron Corp. At present, he is the chairman of ACR Mining Corp. and an independent director of Phoenix Petroleum Philippines, Inc. ....

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