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Citicore Renewable Energy (PHS:CREC) Net Income : ₱592 Mil (TTM As of Dec. 2024)


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What is Citicore Renewable Energy Net Income?

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. Citicore Renewable Energy's Net Income for the three months ended in Dec. 2024 was ₱144 Mil. Its Net Income for the trailing twelve months (TTM) ended in Dec. 2024 was ₱592 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. Citicore Renewable Energy's Earnings per Share (Diluted) for the three months ended in Dec. 2024 was ₱0.02.


Citicore Renewable Energy Net Income Historical Data

The historical data trend for Citicore Renewable Energy's Net Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Citicore Renewable Energy Net Income Chart

Citicore Renewable Energy Annual Data
Trend Dec22 Dec23 Dec24
Net Income
631.61 684.95 618.28

Citicore Renewable Energy Quarterly Data
Jun23 Sep23 Dec23 Jun24 Sep24 Dec24
Net Income Get a 7-Day Free Trial 202.33 136.71 243.38 204.73 143.62

Citicore Renewable Energy Net Income Calculation

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.

Net Income
= Revenue - Cost of Goods Sold - Selling, General, & Admin. Expense - Research & Development - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= EBITDA - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Operating Income - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others

Citicore Renewable Energy's Net Income for the fiscal year that ended in Dec. 2024 is calculated as

Net Income(A: Dec. 2024 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=1141.76+-129.848+0+-393.632
=618

Citicore Renewable Energy's Net Income for the quarter that ended in Dec. 2024 is calculated as

Net Income(Q: Dec. 2024 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=382.928+-125.933+0+-113.379
=144

Net Income for the trailing twelve months (TTM) ended in Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₱592 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Citicore Renewable Energy  (PHS:CREC) Net Income Explanation

Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:

Citicore Renewable Energy's Earnings per Share (Diluted) (EPS) for the quarter that ended in Dec. 2024 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

EPS is most useful for companies that have:

A predictable business
Consistent accounting methods
And few restructurings

The dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.


Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.


Citicore Renewable Energy Net Income Related Terms

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Citicore Renewable Energy Business Description

Traded in Other Exchanges
N/A
Address
Santolan Road, Little Baguio, 11th Floor, Rockwell Santolan Town Plaza, 276 Col. Bonny Serrano Avenue, Metro Manila, San Juan, LUN, PHL, 1500
Citicore Renewable Energy Corp is a company that is renewable energy developer and operator of solar, photovoltaic module upgrades, run-of-river hydro, and off-shore wind energy platforms in the country. Its renewable energy portfolio consists entirely of operating solar power plants. It also has over five Gigawatts of project pipelines in varying stages of development. The company also integrates solar power generation with agricultural crop production to provide positive energy, sustainable livelihood to small farmers, and assists with the country's food production needs.

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