STATE-OWNED National Power Corporation (Napocor) posted a net income of P1.6 billion in 2016 as stated in its financial report submitted to the Commission on Audit (COA), down from a comparative P4.9 billion in 2015.

Napocor has been posting positive earnings since 2012, realizing a complete financial turnaround in 2015. That year, it also posted P2.5 billion in retained earnings, a reversal of its P2.78 billion net loss in 2010.

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