First Gen nets record $200 M in 2016

Lopez-led First Gen Corp. managed to post record earnings in 2016 despite a drop in revenues due to cost-saving measures across its power generation businesses as well as the receipt of damages and insurance claims from two of its assets.

First Gen disclosed yesterday its net income amounted to $200 million last year, 19 percent more than the $167 million made the previous year.

Read more here.

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