Corporate Center

Corporate Center

AEV ends first half of 2019 with PHP9 billion net income

AEV ended the first half of 2019 with a net income of PHP9 billion, 11% lower than the PHP10.1 billion recorded last year. Without one-off gains, AEV’s core net income stood at PHP8.9 billion, 16% lower from PHP10.6 billion year-on-year (YoY). AEV recorded consolidated EBITDA of PHP26.5 billion during the first semester of 2019, a 5% decrease from the PHP28 billion recorded last year.