Energy Development Corporation After a challenging 2017, listed companies associated with the Lopez Group seem to be headed for a better year.
Energy Development Corporation continued to incur additional expenses in the first quarter related to damage caused by an earthquake and a typhoon that affected its facilities late last year. But First Gen Corporation earnings remained stable on the improved dispatch of its new gas plants, as well as lower financing charges. Rockwell Land Corporation’s residential segment also performed well, boosting its income. ABS-CBN had a strong first quarter and expects earnings to be at par with 2017 net income. (Story/Photos by: Carla Paras-Sison)