MINDANAO-FOCUSED and Alcantara-led Alsons Consolidated Resources (ACR) reported a 42-percent surge in consolidated revenues to P7.07 billion in 2016 from P4.97 billion in 2015, mainly driven by the earnings contribution from the first section of its 210-megawatt coal-fired power plant in Sarangani Province.
In a disclosure to the Philippine Stock Exchange (PSE) on Thursday, the company said that the main revenue contributor last year was the first 105-MW section of the 210-MW Sarangani Energy Corporation (SEC) baseload power plant in Maasim, Sarangani.
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