ABOITIZ Power Corporation (AboitizPower) said on Wednesday its net income in 2016 grew 14 percent to P20 billion from P17.6 billion in 2015, driven by the strong performance of its power generation business.
It also recorded a net non-recurring loss of P612 million compared to the previous year’s loss of P762 million, mainly coming from foreign exchange losses from the revaluation of dollar denominated liabilities, refinancing costs, and goodwill impairment.
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