TOLLWAY operator NLEX Corp.'s net income grew 22 percent in the first nine months of 2024, driven by strong revenues and prudent cost management resources.
TOLLWAY operator NLEX Corp.'s net income grew 22 percent in the first nine months of 2024, driven by strong revenues and prudent cost management resources.The operator of the North Luzon Expressway and Subic Clark-Tarlac Expressway netted P8.7 billion over January-September, up from P7.07 billion in the same period last year.It recorded revenues of P18.
The average daily traffic for the NLEx concession reached 333,051 vehicle entries, 4 percent higher than the 2023 figure, while average daily traffic in SCTEx reached 78,525 vehicle entries, or 1 percent higher year-on-year.Average daily traffic for the Connector Road was said to be steadily increasing with 18,893 vehicle entries per day.The company's total cost of services amounted to P6.59 billon in the first nine months of the year, up 19 percent from P5.
Revenues Boost NLEX Income To P8.7B
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