MPI Books 14.0% Increase in Profit

09 Jun

Metro Pacific Investments Corporation (MPI) reported a 14.0% increase in its first quarter core net income on the strength of its four main businesses.

Core net profit reached PHP 2.6 billion during the first three months of the year, mainly driven by higher earnings at its tollways , water, power and hospital units.

Reported net income, on the other hand, went up four percent to PHP 2.4 billion.

Stock Picks, Target Prices and Buy/Hold/Sell Recommendations! (size 728x90)
Get FREE stock analysis, special reports and brokers’ recommendations!

Maynilad Water and Manila Electric Co. accounted for 37.0% of MPI aggregate operating income followed by Metro Pacific Tollways Corp. (MPTC), which contributed 22.0% and the hospital group, which pitched in four percent of the total.

For its hospitals division, core net income was reported at PHP 293.0 million, up 16% year-on-year on growing patient revenues, gains from completed capital expenditure programs and effective cost-efficiency measures.

MPIC Hospital Group will remain on the lookout for acquisitions to further bolster the 2,245-bed count of all its nine hospitals across the country.

Leave a comment

Posted by on June 9, 2015 in Corporate News, MPI, Stock Market


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: