MPIC's 9-month core earnings hit record high

Conglomerate Metro Pacific Investments Corp. (MPIC) is looking to end the year on a high note as it expects to surpass its 2024 core income target after soaring to a record high during the nine-month period ending September.

- By RICHMOND MERCURIO

MPIC executive vice president, chief finance, risk and sustainability officer Chaye Cabal-Revilla said in a media briefing that the company is poised to exceed its P22.4 billion core income target for the year.

"We actually closed our year-to-date three quarters with very good numbers, mirroring the trends that we've had in the first half. Actually, the trends would mean that we would be exceeding our target for 2024," Cabal-Revilla said.

"When you ask about target, it's P22.4 billion. We're already at P20.8 billion, so we're near that. So it's going to be over," she said.

From January to September, MPIC reported a consolidated core net income of P20.8 billion, up by 28 percent from P16.2 billion in the same period last year.