MPIC core net income rises 17% to P14.1B

METRO Pacific Investments Corp. (MPIC) reported a 17 percent rise in consolidated core net income to P14.1 billion for 2017 from P12.1 billion in 2016 on the strength of its increased presence in the power industry.

Core net income was lifted by an expanded power portfolio following further investment in Beacon Electric Asset Holdings Inc.; robust traffic growth on all roads held by Metro Pacific Tollways Corp. (MPTC); and continuing growth in the Hospital Group.

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