MANILA, Philippines - Diversified conglomerate Metro Pacific Investments Corp. (MPIC) posted a net income of P4.99 billion in the first 9 months of 2012, reflecting a 45% increase from a year ago's P3.44 billion.
In a stock exchange disclosure on Wednesday, November 7, Hong Kong-based parent First Pacific Co. Ltd said MPIC's 4 main businesses -- power, water services, infrastructure and hospitals -- performed strongly during the period.
MPIC's businesses delivered consolidated revenues of P20.54 billion, a 28% increase, and a core income of P5.03 billion, up 27% year on year.
“All our businesses achieved strong growth in profitability for the first 9 months of the year. We are well placed for a strong 2012 as a whole. A higher tempo of execution on our investment expansion agenda will help drive better performance in 2013,” MPIC president and CEO Jose Ma. K. Lim said in a statement.
Below summarizes how each key units performed from January to September:
Maynilad Water Services Inc.
Manila Electric Co. (Meralco)
Metro Pacific Tollways Corporation (MPTC)