News

Aboitiz reports 15.7B net income in 9 months

ABOITIZ Equity Ventures Inc.’s (AEV’s) net income for the first nine months of 2019 was P15.7 billion, nine percent lower than the P17.3 billion recorded during the same period last year. AEV recognized non-recurring losses of P155 million, lower than the previous year’s P407 million, representing net foreign exchange and derivative losses. Without these one-off losses, AEV...

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Aboitiz Group sees better prospects for 2020

MANILA, Philippines — After a challenging 2019, the Aboitiz Group sees better prospects next year amid new developments and projects coming on stream, particularly in the power business. The group has faced a lot of challenges this year, but “new and exciting things” are happening next year, Aboitiz Equity Ventures Inc. (AEV) chief financial officer Manuel Lozano said in a bri...

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