SEMIRARA Mining and Power Corp. (SMPC) reported a 92-percent increase in its consolidated net income for the first three months of 2020, reaching P2.3 billion as against the P1.2 billion recorded in the same period a year ago.

In a disclosure to the Philippine Stock Exchange, the Consunji-led firm said consolidated revenues likewise went up by 27 percent to P9.3 billion from P7.3 billion in January-March 2019.

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