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Lopezes' FPH earnings climb to P12.7B in 2022

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LOPEZ-LED First Philippine Holdings Corp.

saw its net income climb by 26 percent last year to P12.70 billion from P10.0 billion in 2021.The increase was said to have been driven by the strong performance of its major business segments: power generation, real estate, construction and energy solutions.Total revenues amounted to P170.39, higher than the P125.10 billion recorded in the previous year.

Higher electricity sales following an increase in generation and average selling prices of the First Gen group, improved sales bookings and the completion of residential development projects under Rockwell Land were said to be responsible.

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