Monday 10 December 2018
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inquirer - 24 days ago

First Gen income jumps 38%

First Gen Corp. saw its net income jump 38-percent year-on-year in the first nine months of 2018 to $215 million, thanks to its newest gas-fired power plant and debt management efforts. First Gen said in a statement it also saw improved recurring net income attributable to equity holders of the parent at $180 million, a 45-percent rise from $124 million. Further, the company s attributable net income in the first three quarters was 50 percent higher at $151 million. In particular, First Gen s natural gas-based business put in recurring earnings of $140 million, 61 percent better than the previous $87 million. The 420-megawatt San Gabrie...

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