Alsons H1 revenue grows 28% on-year

Alsons Consolidated Resources, Inc. (ACR), Mindanao’s first and most experienced independent power producer, reported a 28 percent jump in revenue the first half of 2016 to P3.2 billion from P2.5 billion a year earlier.

In a disclosure to the Philippine Stock Exchange (PSE), the company said the increase was due mainly to the commencement of commercial operations of the first 105 megawatts (MW) section of ACR’s 210 MW Sarangani Energy Corporation (SEC) coal-fired baseload power plant in Maasim, Sarangani Province.