SMPC’s profit jumps to P11B despite losses in coal

MANILA, Philippines — Semirara Mining and Power Corp. (SMPC) booked stronger earnings in the first nine months, even as its coal business suffered losses in the third quarter. The Consunji-led group reported Friday that its consolidated net income rose by 11 percent to P11 billion from P9.9 billion in the same period last year. Its power