Metro Pacific, DMCI Complete Maynilad Deal with Marubeni

Manila—(PHStocks)—Metro Pacific Investments Corporation (PSE: MPI) and DMCI Holdings Inc. (PSE: DMC) have completed their discussions with Japan’s Marubeni Corp. for Marubeni to acquire a 20% economic interest in Maynilad Water Services Inc. Marubeni, through an affiliate, will acquire a shareholding of 21.54% in DMWCI, the joint venture holding company, which will hold 92.85% of […]
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Metro Pacific Investments 2011 Net Profit Jumps 76% to PhP5B

Makati–(PHStocks)–Metro Pacific Investments Corp. (MPIC) (PSE: MPI) has announced consolidated core net income of PhP5.1 billion for the year ended 31 December 2011, an improvement of 32% over the PhP3.86 billion recorded in 2011. Consolidated reported net income attributable to owners of the parent company, which reflects a net foreign exchange loss and non-recurring items of PhP42 […]
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