ACEN H1 net income spikes to P3.9B

Logo of ACEN Corp., the listed energy arm of the Ayala Group | INQUIRER File Photo

MANILA, Philippines — ACEN Corp., the listed power arm of the Ayala Group, saw its earnings in the first semester soar by over fivefold fueled by robust generation growth and energy sales.

On Tuesday, the renewable energy producer said its first-half consolidated profit surged by 411 percent to P3.9 billion from P763 million a year ago.

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ACEN H1 net income spikes to P3.9B

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