Aboitiz Equity Ventures Inc. (AEV), the holding firm of the Aboitiz family, suffered a 36.7-percent decline in its first quarter net income due to lower sales in its power, banking and real estate business segments.
AEV said in a disclosure to the stock exchange its consolidated net income fell to P4.1 billion from P6.09 billion in the same period in 2014, and its core income dropped 7 percent to P0.74 earnings per share.
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