TRANS-ASIA Oil and Energy Development Corp. (Trans-Asia) said its consolidated net income in the first nine months of the year grew more than six times to P397 million, boosted by strong earnings from unit South Luzon Thermal Energy Corp. (SLTEC).

In a disclosure to the Philippine Stock Exchange (PSE), Trans-Asia said its net income rose to P397 million in the January to September period, more than six times the P59 million recorded in the same period last year.

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