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Alsons swings to profit in Q1

ALSONS Consolidated Resources, Inc. (ACR) posted a first-quarter net income attributable to the parent firm of P6.11 million, reversing losses of P19.74 million in the same period last year despite a decline in its revenues during the period.

DoubleDragon-Alsons to invest P800M in Davao CentralHub project

DAVAO CITY — CentralHub Industry Centers, Inc. (CentralHub), a subsidiary of DoubleDragon Properties Corp., and homegrown Alsons Development and Investment Corp. (Alsons Dev) are investing P800 million for the planned industrial warehouse complex in the city.

Alsons returns to profit in 2018

ALSONS Consolidated Resources, Inc. (ACR) swung to profitability in 2018, driven by the operations of its coal-fired power plant in Sarangani province.

Alsons to decide on EPC contractor for coal-fired power plant by...

ALSONS Consolidated Resources, Inc. (ACR) targets to select the company to handle the engineering, procurement and construction (EPC) component of its 105-megawatt (MW) coal-fired power plant in Zamboanga City by April.

Alcantara firm slumps to loss

ALSONS Consolidated Resources, Inc. (ACR) posted a net loss attributable to the owners of the parent firm of P41.58 million in the third quarter, reversing the P31.63-million profit recorded in the same period last year, the Alcantaras’ listed holding firm reported to the stock exchange.

Alsons lists P100 million worth of commercial paper

ALSONS Consolidated Resources, Inc (ACR) listed on Friday P100 million worth of commercial paper, the first portion of its P2.5-billion debt program, to cover the initial funding for its venture into renewable energy.

Alsons offers ancillary services to NGCP to boost Mindanao supply

ALSONS Consolidated Resources, Inc. said on Thursday its power group’s diesel plant in Sarangani had offered to provide ancillary services amounting to 55 megawatts (MW) to privately owned grid operator National Grid Corporation of the Philippines (NGCP) to help stabilize power supply in south-central Mindanao.

5 foreign firms keen on EPC contract for Alsons’ coal-fired power...

THE ALCANTARA’S 105-megawatt (MW) coal-fired power plant in Zamboanga City has attracted proposals from five global companies, including three from China, that are keen to handle the engineering, procurement and construction (EPC) component of the project.

Alsons on track to complete 3 power plants by 2022

ALSONS Consolidated Resources, Inc. (ACR) said it remains on track to complete three power plants through 2022, which is expected to add 225.1 additional megawatts (MW) to its portfolio.

Alsons swings to net loss in April-June

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.

Alsons to raise P2.5 billion from commercial paper issuance

ALSONS CONSOLIDATED Resources, Inc. (ACR) looks to raise P2.5 billion from the issuance of commercial papers in the next three years, with the first tranche to be used for the construction of its Siguil hydropower plant.

Alsons eyes Japanese gov’t grant for its 1st renewable energy project

By Victor V. Saulon, Sub-Editor ALSONS Consolidated Resources, Inc. (ACR) plans to secure up to 700 million yen from a Japanese government grant to build...

Alsons plans to tap Japanese funding for first renewable energy project

Alsons Consolidated Resources, Inc. (ACR) plans to tap up to 700 million yen in Japanese government grant to build its first renewable energy project,...

Alsons’ proposed commercial paper issuance gets PRS A plus rating

LOCAL DEBT watcher Philippine Rating Services Corp. (Philratings) has assigned a PRS A plus rating to Alsons Consolidated Resources, Inc. (ACR) for its proposed...

Alsons wants to play ‘major role’ in Mindanao growth

ALSONS Consolidated Resources, Inc. (ACR) expects to play a “major role” in fueling the economic growth of Mindanao, which it said received a big...

Alsons investing P1 billion in Sarangani river hydro project

ALSONS Consolidated Resources, Inc. is investing P1 billion in a 15.1-megawatt (MW) run-of-river hydropower project, the company said on Friday, marking its move towards...

PCC approves GBP deal to buy 50% of Alsons unit

THE Philippine Competition Commission (PCC) has approved Global Business Power Corporation’s (GBP) acquisition of a 50% stake in Alsons Thermal Energy Corp. (ATEC), which...