Metro Pac income up by 37% to P16B

by The Manila Times

Nov 15, 2023 12:45 am

METRO Pacific Investments Corp. (MPIC) said Tuesday that it recorded a 37-percent growth in nine-month consolidated core net income, to P16.2 billion from P11.8 billion a year ago, amid improvements in its power, water, and tollway businesses.

MPIC reported a 31-percent increase in contribution from operations, anchored on the robust performance of the power generation business and a higher water tariff for its water concession.

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