Metro Pacific Investments Corp. (MPIC) (PSE: MPI) has reported a 7% rise in consolidated core net income to PhP15.1 billion for the year ended December 31, 2018, mainly driven by: (i) an expanded power portfolio following further investment in Beacon Electric Asset Holdings Inc. in 2017; (ii) continuing traffic growth on all domestic roads; and […]
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On March 1, 2019, the assets and operations of the Electricity Company of Ghana (ECG) were handed over to the Power Distribution Services Ghana Ltd (PDS), a consortium between Manila Electric Co. (MERALCO, PSE: MER) through Meridian Power Ventures Ltd, AEnergia SA, an Angolan company, and three Ghanaian firms—TG Energy Solutions Ghana Ltd, Santa Power […]
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The Board of Directors of Manila Electric Co. (MERALCO, PSE: MER) has approved the creation of a wholly owned subsidiary, to engage in the business of owning, maintaining, and operating transport service networks of charging stations, batteries, and vehicles utilizing electric energy and other alternative energy sources. Related Articles:MPIC Ups Stake in MERALCO and Global […]
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Makati—(PHStocks)—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)—is selling common and Class A preferred shares of stock in Beacon Electric Asset Holdings Inc. (BEAHI) to Metro Pacific Investments Corp. (MPIC, PSE: MPI). BEAHI is a joint venture company formed by MPIC and PCEV. […]
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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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Manila—(PHStocks)—Metro Pacific Investments Corp. (MPIC, PSE: MPI) has reported a 17% rise in consolidated core net income to ₱12.1 billion for the year ended 31st December 2016 from ₱10.3 billion in 2015 on the back of strong growth at all its operations. Core Net Income was lifted by: (i) robust traffic growth on each of […]
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Makati—(PHStocks)—GT Capital Holdings Inc. (PSE: GTCAP) reported today that its consolidated net income for January to September 2016 increased a noteworthy 46% to PhP12.3 billion from PhP8.4 billion in the same period last year. Excluding extraordinary gains, core net income amounted to PhP9.3 billion from Php7.6 billion in 2015, representing an increase of 23%. The […]
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Makati—(PHStocks)—Metro Pacific Investments Corp. (MPIC, PSE: MPI) today reported a 13% rise in consolidated Core Net Income to PhP9.3 billion for the nine months ended 30 September 2016 from PhP8.2 billion in the same period last year on the back of strong growth at all its operations. Core Net Income was lifted by: (i) robust […]
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