Alternergy FY24 profit: P130M (+240%)
Alternergy [ALTER 0.83 ?1.2%; 425% avgVol] [link] reported an FY24 net income of P130 million, up 240% from its FY23 net income of P38 million, thanks to a 60% jump in gross revenues “particularly from ALTER’s operating assets”. Most notable of these is the Palau Project plant that started operations in January 2024 and posted P87 million in revenues in 6 months of operations. Some of its existing solar plants reported higher production thanks to higher “irradiation” (fancy way of saying “sunlight”).
