CEBU-BASED Vivant Corp. reported a 27.4% decline in attributable net income to P490.09 million in the second quarter, as higher operating costs and finance charges weighed on earnings. Power generation costs rose 116% to P3.55 billion during the quarter. Operating expenses increased 18%, while provision for income tax rose to P99.36 million from P57.55 million, further weighing on earnings. For the first six months, Vivant’s attributable net income fell 21% to P756.8 million, according to the company. Power generation costs alone rose 65% due to higher fuel prices, maintenance costs, and sales volumes.