New plants fuel Citicore’s H1 income to hit P1.2B

MANILA, Philippines — Saavedra-led Citicore Renewable Energy Corp. (CREC) soared by 92 percent in the first half following the activation of more power plants. The group said on Monday that its net income jumped sharply to P1.2 billion from P630 million in the same period last year. READ: CREC secures P4-B loan for two solar