MacroAsia earnings climb 20% on aviation, food service growth

MACROASIA Corp. reported a 20.78% year-on-year increase in its first-quarter (Q1) attributable net income, reaching P313.91 million, driven by strong performance in its aviation services and food units.

- Ashley Erika O. Jose

For the January-to-March period, the company posted combined revenues of P2.35 billion, a 5.86% increase from P2.22 billion during the same period last year.

The majority of the company's revenue, P1.15 billion, came from in-flight and other catering services, reflecting an 8.49% growth from P1.06 billion in the previous year.

This increase was driven by a 13% rise in meal count, which reached 6.25 million from 5.53 million, the company said.