Lopez-led Energy Development Corp. (EDC) posted a 14-percent increase in net profit in the first quarter of the year, the company said in a disclosure to the Philippine Stock Exchange.
The company’s consolidated recurring net income rose to P2.5 billion in the first three months of 2015, from P2.2 billion in the same period last year, largely due to higher energy sales coming from the Bacman Plants and the newly commissioned Nasulo Geothermal Project.
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