Alcantara-led Alsons Consolidated Resources Inc. (ACR) announced that its net income slightly went down during the first three months of this year. In a disclosure to the Philippine Stock Exchange (PSE) on Friday, May 16, ACR said it recorded a ₱472-million net income in the first quarter of...
Alcantara-led Alsons Consolidated Resources (ACR) reported an increase of over a tenth in its net income for 2024 due to high power demand, prices in the Wholesale Electricity Spot Market (WESM), and its entry into the retail electricity supply (RES) market. In a disclosure to the Philippine Stock...
The Securities and Exchange Commission (SEC) has approved the planned issuance of up to ₱1.6 billion worth of commercial papers by Alsons Consolidated Resources Inc. (ACR), the listed company of the Alcantara Group. In a disclosure to the Philippine Stock Exchange (PSE), the firm said it had...
With leaner aggregate revenues logged in the six-month stretch, the net income of Alsons Consolidated Resources Inc. (ACR) in the first half had declined by roughly 10% to P1.06 billion from the year-ago level of P1.17 billion. If reckoned solely on second quarter performance, the company’s...
Western Mindanao Power Corp. (WMPC), a diesel power plant in Zamboanga City expects to have its fuel supply run out in the next few weeks, which could cause potential blackouts in the area. In a statement made by Alcantara-led Alsons Power Group on Wednesday, May 22, the WMPC said it has already...
Alcantara-led Alsons Consolidated Resources (ACR) reported a drop in net income for the first three months of the year due to the plant’s forced outage in Sarangani province. In a statement, ACR said it was able to consolidate P479 million worth of net income in the first quarter of this year,...
The Alcantara family’s holding company Alsons Consolidated Resources, Inc. (ACR) has received a high Issuer Credit Rating rating of PRS Aa minus (corp.), with a Stable Outlook, for its P3.0 billion Commercial Paper (CPs) Program. In a statement, Philippine Rating Services Corporation...
Alsons Consolidated Resources, Inc. (ACR), the flagship of the Alcantara Group, posted a 22 percent growth in net income to P2.29 billion last year from the P1.88 billion earned in 2022 on the back of growing demand for power in its core markets in Mindanao. In a disclosure to the Philippine...
A top management role has pulled in for scion Antonio Miguel B. Alcantara who has been designated Chief Executive Officer (CEO) at Alsons Power of the Alcantara group, following the retirement of Tirso G. Santillan, who is the departing company CEO and Executive Vice President. As announced to the...
The Alcantara family-owned Alsons Consolidated Resources was cited by the local government of Maasim, Sarangani for its significant contribution in the economic progress and empowering communities in the municipality. The Alcantara group owns Sarangani Energy Corporation which remitted over P61.4...
Alcantara-led Alsons Consolidated Resources Inc. (ACR) has successfully raised over P1.15 billion from the third tranche of its P3 billion commercial paper program. The Securities and Exchange Commission had given ACR the permit to sell 182-day and 364-day commercial papers at an interest rate of...
With sustained uptick in its energy sales, the net income of Alsons Consolidated Resources Inc. (ACR) had climbed to P1.8 billion within January to September this 2023, posting 32-percent escalation from a relatively moderate pace of P1.35 billion earnings last year. Given such uptrend in its...
