D&L net income down 31% to P2.3B
The declaration of the facility’s commercial operations in July 2023 prompted the recognition of depreciation and interest costs, D&L President and Chief Executive Officer Alvin Lao told reporters on Thursday. Without these, net income last year would have been P3.0 billion, only down 15 percent compared to 2022’s P3.5 billion. Register to read this story […]
Tomas Kauer - News Moderator 
The declaration of the facility’s commercial operations in July 2023 prompted the recognition of depreciation and interest costs, D&L President and Chief Executive Officer Alvin Lao told reporters on Thursday.
Without these, net income last year would have been P3.0 billion, only down 15 percent compared to 2022’s P3.5 billion.
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