AboitizPower core net income drops to P13B

Aboitiz Power Corp. (AboitizPower) said its core net income for the first nine months of 2015 amounted to P13 billion, down 3 percent from a year ago due to lower sales at its Tiwi-MakBan plants and foreign exchange losses.

The company said the generation business recorded an income share of P9.5 billion or 78 percent of earnings contributions from its business segments, down 12 percent from the same period last year.