Try GOLD - Free
Citicore profit hits P1 B on first year since IPO
The Philippine Star
|April 10, 2025
In its first year as a listed company, tycoon Edgar Saavedra's Citicore Renewable Energy Corp. (CREC) saw its net income reach P1 billion on the back of strong power sales.
In a regulatory filing, the company reported that its 2024 net income was higher than 2023's P910.1 million and 2022's P833.6 million.
Revenues soared by 40 percent to P5.1 billion from P3.7 billion on a yearly basis, fueled by robust electricity sales amid higher customer count and power generation output.
This story is from the April 10, 2025 edition of The Philippine Star.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The Philippine Star
The Philippine Star
IT'S FULL STEAM AHEAD
TEAM PHL DELIVERS 6 GOLDS IN DAY 3
2 mins
December 13, 2025
The Philippine Star
One more rate cut possible - BSP
The Bangko Sentral ng Pilipinas signaled it may deliver one final rate cut in 2026, with BSP Governor Eli Remolona Jr. saying the decision will depend heavily on incoming data amid weaker domestic growth and lingering fallout from the public infrastructure scandal.
2 mins
December 13, 2025
The Philippine Star
LOAs now need clearance from BIR chief's office
The Bureau of Internal Revenue has tightened its audit protocols by requiring all Letters of Authority (LOAs) to secure clearance from BIR Commissioner Charlito Martin Mendoza before issuance.
2 mins
December 13, 2025
The Philippine Star
Time names 'Architects of AI' as Person of the Year
SAN FRANCISCO - The \"Architects of AI\" were named Time's person of the year Thursday, with the magazine citing 2025 as when the potential of artificial intelligence \"roared into view\" with no turning back.
1 mins
December 13, 2025
The Philippine Star
NBI seeks Interpol red notice vs Co
The National Bureau of Investigation (NBI) has requested the Interpol to issue a red notice against resigned Ako Bicol party-list representative Zaldy Co.
2 mins
December 13, 2025
The Philippine Star
Visa, travel services now available at select SM malls
SM Supermalls is bringing visa and travel services closer to more Filipinos nationwide as it partners with the global leader in trusted technology services, VFS Global.
1 mins
December 13, 2025
The Philippine Star
PAF aircraft join Phl-US maritime drill in WPS
Fighter jets and helicopters of the Philippine Air Force (PAF) have participated in the latest maritime exercises betwen the Philippines and the United States’ military forces in the West Philippine Sea.
1 mins
December 13, 2025
The Philippine Star
DepEd opens 1st fully air-conditioned public school
Education Secretary Sonny Angara led the inauguration of the country's first fully air-conditioned public school building in San Pedro City, Laguna yesterday.
1 min
December 13, 2025
The Philippine Star
Plunder raps filed vs Sara, 15 others
Vice President Sara Duterte is facing plunder, bribery, malversation and graft complaints over the alleged misuse of P612 million worth of confidential funds, which were allegedly diverted, misused and concealed across the Office of the Vice President (OVP) as well as the Department of Education (DepEd), which she previously headed.
4 mins
December 13, 2025
The Philippine Star
San Juanico Bridge repair 'partially finished' – Marcos
The rehabilitation of San Juanico Bridge is partially finished, with full completion expected by the third quarter of next year, President Marcos assured the people of Samar and Leyte yesterday, even as he directed authorities to ensure proper maintenance of the 52-year-old bridge to avoid socioeconomic disruption.
2 mins
December 13, 2025
Listen
Translate
Change font size