Semirara Mining and Power Corp. (SMPC) reported a net income of P19.6 billion in 2024, down 30 percent from P27.9 billion in 2023, as coal prices continued to stabilize after previous highs.
Semirara Mining and Power Corp. (SMPC), part of the Consunji family-led DMCI Holdings, set a new record in 2024 with 16.5 million metric tons (MT) of coal shipments, surpassing the previous high of 15.8 million MT.
Tycoon Isidro Consunji and Herbert Consunji will lead the turnaround of Cemex Holdings Philippines as the group finalizes its roughly P16 billion purchase of the country’s No. 4 cement maker.
Semirara Mining and Power Corp. and its parent company, DMCI Holdings, earned a 3 Golden Arrow award at the ASEAN Corporate Governance Scorecard Golden Arrow Awards. Both firms have consistently received this recognition since 2019.
The Consunji family-led Semirara Mining and Power Corp. reported a 41 percent drop in second-quarter earnings to just over P6 billion from P10.2 billion last year, due to falling coal and electricity prices.