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MPIC Starts Year With Higher Profit
The Philippine Star
|May 09, 2025
Metro Pacific Investment Corp. (MPIC) kicked off 2024 with a double-digit growth in core earnings during the first quarter.
MPIC recorded a 17-percent increase in core net income to P6.6 billion in the first quarter from P5.6 billion in the same period in 2024.
Improved financial and operational performance across the group's portfolio led to a 16-percent rise in contribution from operations to P7.9 billion, driven primarily by the strong growth in power generation at Meralco, higher tariffs at Maynilad and growing patient volumes at Metro Pacific Hospitals.
Reported net income surged by 48 percent to P9.1 billion from P6.1 billion as a result of a gain from the sale of MPIC's oil storage company, Philippine Coastal Storage and Pipeline Corp.
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