First Gen Corporation
First Gen is a leading independent power producer in the Philippines that primarily utilizes clean and indigenous fuels such as natural gas, geothermal energy from steam, hydro-electric, wind, and solar power. The Company has 3,495MW of installed capacity in its portfolio, which accounts for 19% of the country’s gross generation.
See below for the Latest First Gen News, Analysis, Profit Results, Share Price Information, and Commentary.
Philippines’ First Gen posts 52% net income growth
Philippines’ First Gen posts 52% net income growth
Its attributable recurring net income stood at US$89m.
Philippines’ First Gen posts 5% recurring net income growth
Its net income stood at US$265m.
First Gen’s net income down 8% YoY to $194m in first 9 months
The result was due to lower earnings in natural gas.
First Gen unveils LNG storage unit ‘BW Batangas’ in the Philippines
It will provide for the company’s gas-fired power plants.
Philippines’ First Gen net income drops 13% in H1
This is despite a 21% growth in revenue.
First Gen income slips to $78m in Q1
The company linked this to a decline in its natural gas and geothermal platforms.
First Gen’s earnings flatten in 2021
The company earned US$252m in recurring net income during the year.
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