CREC profit up 14% to P1.15 billion

MANILA, Philippines — Citicore Renewable Energy Corp. (CREC), backed by tycoon Edgar Saavedra, posted higher earnings in 2025 as it maintained strong power sales, coupled with an increase in service fees. In a statement, the company said its net income rose by 14 percent to P1.15 billion from P1 billion. CREC’s service fees alone jumped