Alsons Q1 net up 59% on enlarged power assets

Alsons Consolidated Resources Inc. (ACR), the publicly listed company of the Alcantara Group, increased its first-quarter profit significantly on the back of larger revenues due to enlarged power assets.

In a disclosure to the Philippine Stock Exchange, ACR reported a 59-percent rise in net income attributable to the parent company to P149.1 million for the first quarter of this year from P93.9 million in the same period in 2013.