Alsons Consolidated Resources Reports 15% Profit Surge in First Quarter

Alsons Consolidated Resources, Inc. announced a 15% increase in net profit for the first quarter of the year, reaching P543 million, driven by strong performance across its power generation and real estate segments. The company attributed the growth to higher energy sales and improved operational efficiency. Revenue rose by 12% to P3.2 billion, supported by stable demand from commercial and industrial customers. Alsons also noted that its hydroelectric and diesel power plants operated at high availability rates, contributing to the positive results. The company remains optimistic about the rest of the year, citing continued economic recovery and infrastructure development.