PHINMA Energy Corp. said its consolidated net income rose 53 percent to P1.38 billion in 2016 from P906 million a year earlier on higher electricity sales volume.
The energy firm said on Wednesday that electricity sales volume expanded by 33 percent to 2,947-gigawatthours (GWh) in 2016 while revenue from the sale of electricity increased 15 percent to P15.5 billion.
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