Greenergy reports P2.8-B net income in 2018

MANILA -- Greenergy Holdings, Inc., the listed company chaired by businessman Antonio L. Tiu, posted a consolidated net income of P2.8 billion last year, from the consolidated net income of P21.3 million recorded a year ago, buoyed by one-time gains and reclassification of investments. In its annual report and consolidated financial statements for 2018 filed with the Philippine Stock Exchange last week, Greenergy said the increase is due to "the results of gain on reclassification of investment in associate to FVOCI (Fair Value Through Comprehensive Income) amounting to P2.6 billion, gain on deemed disposal of investment in an associate of P186.42 and gain on sale of investment in ass...Keep on reading: Greenergy reports P2.8-B net income in 2018

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