ACR and GBP Enter Partnership in Power Holding Company in Mindanao

Makati—(PHStocks)—Alsons Consolidated Resources Inc. (PSE: ACR), the publicly-listed company of the Alcantara Group and Mindanao’s first and most experienced independent power producer, has signed an agreement with Global Business Power Corp. (GBP), the leading power producer in the Visayas and an associate of Metro Pacific Investments Corp. (MPIC, PSE: MPI). Under the agreement, GBP will […]
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MPIC 2016 Core Net Income Up 17% to Record ₱12.1B

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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GT Capital 9M 2016 Net Income Up 46% to PhP12.3B

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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MPIC 9M 2016 Core Net Income Up 13% to PhP9.3B

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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Metro Pacific 1H2016 Core Net Income Up 13% to Record PhP6.6B

Makati—(PHStocks)—Metro Pacific Investments Corp. (MPIC, PSE: MPI) today reported a 13% rise in consolidated Core Net Income to PhP6.6 billion for the six (6) months ended 30th June 2016 from PhP5.9 billion in the first half of 2015 on the back of strong growth at all its operations. Core Net Income was lifted by: (i) strong traffic growth […]
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MPIC Ups Stake in Beacon Electric

Makati—(PHStocks)—Metro Pacific Investments Corp. (MPIC, PSE: MPI) and PLDT Communications and Energy Ventures Inc. (PCEV) 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 Electric Co. (MERALCO, PSE: MER) and 56% of Global Business Power Corp., for an aggregate purchase price of […]
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MPIC Forms Strategic Alliance with the GT Capital

Makati—(PHStocks)—Metro Pacific Investments Corp. (MPIC, PSE: MPI) has announced the following significant transactions: 1. The placing of 3.6 billion new MPIC ordinary common shares to GT Capital Holdings Inc. (PSE: GTCAP) at a price of PhP6.10 per share for a total cash consideration of PhP21.96 billion. This will be received by MPIC as a deposit for share […]
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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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