Poging GOUD - Vrij

RE projects fuel PERC's income

Manila Bulletin

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April 22, 2025

Yuchengco-led PetroEnergy Resources Corporation (PERC) announced an increase in its net income, fueled by increased electricity sales from its renewable energy (RE) ventures.

- BY GABRIELL CHRISTEL GALANG

In a disclosure to the Philippine Stock Exchange on Monday, April 21, PERC reported an 89.22 percent surge in its 2024 consolidated net income, climbing from P466 million to P882 million.

This growth was primarily driven by a 21 percent rise in the company’s electricity sales, which increased from P2.33 billion in 2023 to P2.81 billion in 2024.

MEER VERHALEN VAN Manila Bulletin

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