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REDC H1 net income up 255% | Lenie Lectura - Vimarsana News

REDC H1 net income up 255% | Lenie Lectura

Repower Energy Development Corp. (REDC), a subsidiary of Pure Energy Holdings Corp., saw its net income jump by 255 percent year-on-year to P95.7 million in the first half, mainly due to the full commercial operations of its additional power plants. In the second quarter, earnings surged by 293 percent to…