Semirara income down 33% on lower coal, energy prices

MANILA, Philippines — Consunji-led Semirara Mining and Power Corp. (SMPC) suffered a 33-percent drop in earnings last year, weighed down by lower coal and energy prices. In a disclosure Wednesday, its profit plunged to P13.1 billion against a year ago’s P19.6 billion. The decrease in its bottom line was also attributed to weaker shipments and