Aboitiz income surges to ₱7.6B in Q1 2021 : vimarsana

Aboitiz income surges to ₱7.6B in Q1 2021


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Metro Manila (CNN Philippines, April 28) — Aboitiz Equity Ventures reported a huge jump in earnings for the first three months of 2021, as it observed strong growth across its businesses.
The listed holdings firm disclosed to the local bourse Wednesday a consolidated net income of ₱7.6 billion for the first quarter of the year, a significant increase from the ₱2 billion it reported during the same period a year ago. It likewise recognized non-recurring losses of ₱219 million during the quarter, down from the ₱262 million from January to March 2020.
“The first quarter of 2021 is solid proof that the Aboitiz Group is already making headway in its recovery and growth plans for the year,” said president and chief executive officer Sabin Aboitiz.

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