Vivant Earnings Take Hit From Plant Outages, Middle East Conflict
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4 Articles
The conflict in the Middle East began on February 28, 2026 with a joint attack by the United States and Israel against Iranian nuclear facilities. Iran responded by closing the Strait of Hormuz, firing the price of crude oil and leaving about 2,000 ships stranded. After 39 days of hostilities, a cease-fire came into force on April 8 mediated by Pakistan. Despite the truce, naval clashes in the Strait have not ceased at the hands of the two sides…
Vivant earnings take hit from plant outages, Middle East conflict
Cebu-based Vivant Corp. reported a 19-percent decline in consolidated core net income (CCNI) in the first half of 2026 as unplanned power plant outages and the prolonged war in the Middle East weighed on earnings.In a disclosure to the Philippine Stock Exchange (PSE) on Wednesday, Aug. 12, Vivant said its first-half CCNI amounted to ₱784 million, lower than the ₱962 million recorded during the same period last year.“Externally, the ongoing confl…
The Iran war is slowing down Bilfinger's business. The industrial service provider now sees new opportunities when it comes to reconstruction in the Middle East.
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