Metro Pacific 9-month income surges

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MANUEL V. Pangilinan-led Metro Pacific Investments Corp. (MPIC) said Thursday that net income for the first nine months of 2024 had climbed 45.6 percent to P30 billion, from P20.6 billion a year ago, on the back of strong contributions from its power, water and toll road businesses.

Consolidated core net income rose 28 percent to P20.8 billion from P16.20 billion a year earlier, mainly due to solid contributions from its power and water units Manila Electric Co. (Meralco) and Maynilad Water Services and increased traffic on toll roads, complemented by higher tariffs, under Metro Pacific Tollways Corp.

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