In a press briefing, MPIC Chief Finance Officer June Cheryl Cabal-Revillas said “This substantial improvement from the 13 percent growth in the first half of the year was largely driven by improved traffic on its toll roads and higher volume of electricity sold by Manila Electric Company .”She added that, with this performance, the firm expects to grow its core profits by single digits to low double-digits this year.
Consolidated reported attributable net income more than doubled to P10.1 billion following the gain recognized from the sale of Global Business Power and Don Muang Tollways . “Based on our full-year performance, it is clear that we are now reaping the value created from years of strategic investments in upgrading our infrastructure, operational systems, and overall ability to provide quality services,” said MPIC Chairman and President Manuel V. Pangilinan.
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