ALSONS Consolidated Resources (ACR), the listed firm of the Alcantara Group, said Tuesday that attributable net income in the first nine months grew to P504.60 million from P451.10 million a year earlier.
Overall net income also climbed to P1.78 billion from P1.35 billion, while revenues rose to P10 billion from P9.25 billion a year earlier.
ACR said it was focused on the higher potential of the renewable energy market, with its 14.5-megawatt (MW) Siguil Hydro power plant scheduled for completion by yearend.
The firm said it also expanded its renewable energy initiatives in Mindanao with the development of a combined hydro and solar power project in Zamboanga del Norte with a potential combined capacity of 37.8 MW.
It is also expanding in the Visayas with a hydropower project in Bago River, Negros Occidental, with a planned capacity of 42 MW.
Alsons’ share price was up a centavo to P0.56 on Tuesday.