ALSONS Consolidated Resources, Inc. (ACR) swung to a P76-million net loss attributable to owners of the parent in the second quarter, a reversal of year ago’s net income of P50.47 million.
In a regulatory filing, the Alcantara-led holding firm reported a 6.2% decline in revenues to P1.81 billion in the April to June period from P1.93 billion a year ago.
Revenues from energy fees, which accounted for most of its topline numbers, dropped to P1.80 billion from P1.927 billion previously.
For the semester, ACR posted a net loss of P95.75 million attributable to the owners of the parent firm, reversing last year’s net income of P86.03 million.
Revenues slipped 2.5% to P3.48 billion in the first six months of the year.
ACR’s core businesses, conducted through its various subsidiaries and associates, are grouped into main categories consisting of energy and power, property development, and other investments.
On Tuesday, shares in the company fell by 2.48% to close at P1.18 apiece. — Victor V. Saulon
