Growing power demand in the Mindanao grid boosted the Alcantara-led Alsons Consolidated Resources Inc. (ACR) to register a 67 percent increase in net income to P542.27 million in the first quarter this year from P342 million in the same period last year. Following that level of profitability, the...
Buoyed by rising post-Covid power demand in Mindanao grid, the net income of Alcantara-led Alsons Consolidated Resources Inc. (ACR) had escalated 42-percent to P1.88 billion last year from P1.32 billion in 2021. The jump in the company’s profitability had also resulted in 52-percent increase on...
Alabel, the capital of the province of Sarangani, may not be on top of the list of home seekers, even those who hail from—or want to settle in—Mindanao. Sarangani, for one, is more known for its natural resources, abundant seafood courtesy of its bay, and long coastline for leisure, plus its...
Alcantara-led Alsons Consolidated Resources Inc., (ACR) was able to maintain its ‘stable outlook’, relative to the P3 billion worth of commercial papers (CP) issuance that the company has resorted to in raising additional funding for its ongoing projects. The positive rating of the company has...
The Israel Chamber of Commerce of the Philippines, Inc. (ICCP) recently held a webinar entitled ‘Aquaculture Innovation: Spotlight on Israeli Tech to Meet the Rising Food Demand.’ The event was held to exchange ideas on the aquaculture systems used and developed by Israeli fisheries and to...
The Alsons Power Group’s Western Mindanao Power Corporation (WMPC) has turned over emergency vehicles and medical equipment worth ₱6.4 million to the City Government of Zamboanga at the start of the new year as compliance to the Department of Energy's (DOE) regulation. Under the DOE Energy...
Alsons Consolidated Resources, Inc. (ACR) listed P630 million worth of commercial papers with the Philippine Dealing and Exchange Corp. (PDEx). In a disclosure to the Philippine Stock Exchange, the firm said this is from the first tranche of the company’s P3 billion Commercial Paper (CP) Program....
The Supreme Court has validated the divestment of the 103-megawatt IIigan diesel power facility to Conal Holdings Corporation (CHC), a subsidiary of the Alcantara-led Alsons Power Corporation. A recent ruling by the high court upheld the approval granted by the Commission on Audit (COA) on the sale...
The net earnings of Alcantara-led Alsons Consolidated Resources Inc. (ACR) grew 18 percent to P1.35 billion in the nine-month period this year from a leaner P1.14 billion in the comparative period in 2021. For third quarter alone, the company reported that its net income soared 140 percent to...
Alcantara-led Alsons Consolidated Resources Inc. (ACR) posted a net income of P1.14 billion in the first nine months of this year, up 17 percent from P949 million same period in 2020. While the company is on its way to a post-pandemic recovery, it noted however that core earnings had been slightly...
Alcantara-led Alsons Consolidated Resources Inc. (ACR) has listed with the Philippine Dealing and Exchange Corporation (PDEx) the P600 million second tranche of its commercial papers (CP) issuance. That portion of the CP offer is part of the P3.0 billion CP program that the company had registered...
In this file photo, Hidilyn Diaz (center) poses with the second batch of Alsons Power Hidilyn Diaz Power Scholars including 2021 World Youth Weightlifting Bronze Medalist Jeaneth Hipolito (extreme right). Two weightlifting scholars of the Alsons Power Hidilyn Diaz Program won four medals at the...
