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Aboitiz Logo (via aboitiz.com/Manila Bulletin)
In a disclosure to the Philippine Stock Exchange, AEV said it recognized non-recurring losses of P477 million during 2020 versus the P516 million in non-recurring gains recorded in 2019.
Without these one-off losses, AEV’s core net income for 2020 was P15.9 billion, 26 percent lower than the P21.5 billion recorded in 2019. 
For the fourth quarter, AEV posted a consolidated net income of P7.1 billion last year 2020, a 13 percent increase from the P6.3 billion reported in the same period of 2019.
The Company recognized non-recurring net losses of P472 million during the period, compared to the P671 million in non-recurring net gains for the corresponding period in 2019. ....

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