MPIC Ups Stake in MERALCO and Global Power

Manila—(PHStocks)—Metro Pacific Investments Corp. (MPIC, PSE: MPI) and PLDT Communications and Energy Ventures (PCEV), a 99.9% subsidiary of Smart Communications Inc.—which is a wholly owned subsidiary of PLDT Inc. (PSE: TEL)—have entered into a Sale and Purchase Agreement for MPIC to acquire a further 25% interest in Beacon Electric Asset Holdings, which owns 35% of Manila […]
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MPI Reports Record PhP10.3B Core Net Income in FY 2015

Manila—(PHStocks)—Metro Pacific Investments Corp. (MPIC, PSE: MPI) today reported consolidated Core Net Income rose 22% to PhP10.3 billion for the year ended 31st December 2015 from PhP8.5 billion in 2014 on the back of strong growth at all its operations. Core Net Income was lifted by: (i) strong traffic growth on all the roads held […]
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MPIC 1H2015 Net Income Up 27% to PhP5.9B

Manila—(PHStocks)—Metro Pacific Investments Corp. (PSE: MPI) has reported consolidated core net income of PhP5.9 billion for the six (6) months ended 30th June 2015, up 27% over the PhP4.6 billion achieved in the first half of 2014 as each of its four main businesses delivered strong growth despite regulatory challenges. The rise in core net income was due mainly […]
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