CONSTRUCTION firm EEI Corp. incurred a net loss of P444.29 million in the first quarter of 2023, reversing from a year-earlier profit of P210.63 million.

The result was attributed to a P442.70-million deficit sustained from a joint venture with Al Rushaid Construction Co. (ARCC) in Saudi Arabia and another P357.70-million shortfall from equity in associates and other joint ventures.

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