Semirara: SMPC posts 30% profit decline on weaker selling prices

CONSUNJI-LED Semirara Mining and Power Corp. (SMPC) reported a 30% decline in net income to P19.6 billion for 2024 due to lower coal and electricity selling prices. "The effect of weaker selling prices was cushioned by record-high coal shipments and power generation, increased electricity sales, and a lower government share," SMPC said in its financial [...]