Aboitiz Equity Ventures Posts 2% Rise In Q4 Net Profit

Aboitiz Equity Ventures Inc reported a 2% rise in its net profit in the fourth quarter. Aboitiz Equity Ventures' quarterly net profit rose to PHP5.1 billion. However, net profit for the full year dropped 3% to PHP21.2 billion, from PHP21.9 billion, in the year-ago period. Aboitiz Equity Ventures incurred a PHP157 million one-time charge in the quarter.