Aboitiz Equity Ventures Grows 2016 Full-year Profit by 27% to PhP22.5B

Taguig—(PHStocks)—Aboitiz Equity Ventures Inc. (PSE: AEV) saw its consolidated net income increase by 27% year-on-year (YoY) from PhP17.7 billion in 2015 to PhP22.5 billion in 2016. This translates to PhP4.02 in earnings per share. Power accounted for 65%, followed by the Banking and Financial Services, Food, Infrastructure, and Land strategic business units (SBUs) with income […]
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AboitizPower, SunEdison Partner to Develop 300MW of Utility-scale Solar Energy in PH

SunEdison Inc. (NYSE: SUNE) entered into a joint framework agreement with Aboitiz Renewables Inc., a wholly-owned subsidiary of Aboitiz Power Corp. (AboitizPower, PSE: AP), to jointly explore, develop, construct and operate up to 300MW of utility-scale solar photovoltaic power generation projects in the Philippines over the next three years. “It’s an ideal partnership,” said Ahmad Chatila, chief […]
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