Aboitiz Equity net income up 13% in Q4 Published March 8, 2021 7:09pm Aboitiz Equity Ventures Inc. posted a double-digit increase in its profits during the fourth quarter of 2020, but this was not enough to offset losses the company incurred earlier in the year due to the COVID-19 pandemic. In a regulatory filing, Aboitiz Equity said its net income rose by 13% to P7.1 billion in the last three months of 2020 versus the P6.3 billion the same period in 2019. Aboitiz Equity recognized non-recurring net losses of P472 million during the period versus the P671 million in non-recurring net gains in 2019. Without these, AEV said its core net income was 34% higher at P7.6 billion.