ACEN's (PSE:ACEN) consolidated net income for 2024 jumped 27% year over year to 9.36 billion Philippine pesos, according to a Thursday Philippine bourse filing.
The jump was due to a 25% growth in attributable renewables output to 5,596 gigawatt hours.
As of Dec. 31, 2024, the renewables developer's total assets increased 16% to 329.5 billion pesos, it added.
Shares gained 2% recently.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.