MPIC president and chairman Manuel Pangilinan said in a press briefing Wednesday core net income in 2022 would be better than the previous year’s level of P12.3 billion as core businesses were showing positive results at the start of the second half of the year.
“We believe the full year would definitely be better than last year and I would hope that 2022 full year would at least approach what we accomplished in 2019 pre-pandemic which was slightly above P15 billion for income,” he added. Power accounted for ₱5.9 billion or 60 percent of net operating income, followed by toll roads, which contributed ₱2.5 billion, and water which accounted for ₱1.4 billion.
Meanwhile, Pangilinan said MPIC remains keen on acquisitions, particularly in the areas of agriculture, tourism and logistics.
Source: News Formal (newsformal.com)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Metro Manila’s Covid-19 growth rate down to 14%, says OCTA fellowOCTA Research fellow Dr. Guido David is hoping that the Covid-19 cases in Metro Manila will peak soon and start subsiding, as the central region saw a decrease in growth rate and reproduction number in the previous week.
Source: manilabulletin - 🏆 25. / 51 Read more »
Metro Manila’s COVID-19 growth rate, reproduction number go down — OctaThe one-week growth rate and reproduction number of COVID-19 infections in Metro Manila have both decreased, independent pandemic monitor Octa Research group said, expressing hope that cases may peak “soon.” | DYGalvezINQ
Source: inquirerdotnet - 🏆 3. / 86 Read more »
Metro Manila’s COVID-19 growth rate, reproduction number go down — OctaThe one-week growth rate and reproduction number of COVID-19 infections in Metro Manila have both decreased, independent pandemic monitor Octa Research group said, expressing hope that cases may peak “soon.” | DYGalvezINQ
Source: inquirerdotnet - 🏆 3. / 86 Read more »
PH office sector returning to pre-Pogo vibrancyThanks to the vibrant BPO industry, local office demand is seen revisiting levels last seen in 2016, the year before the influx of Pogos, property veteran David Leechiu said. | Philbizwatcher /PDI
Source: inquirerdotnet - 🏆 3. / 86 Read more »
COA: DepEd failed to maximize P4.5-B learning program budget amid COVID-19 pandemicThe Department of Education (DepEd)&39;s spending of its P4.5-billion budget for the Basic Education Learning Continuity Plan covering years 2020 to 2022 has been marred by faulty procurement, delays, and inadequate supporting documents, the Commission on Audit (COA) said.
Source: gmanews - 🏆 11. / 68 Read more »
Maxus Drops G50 Prices Back To Pre-2022 Levels | CarGuide.PH | Philippine Car News, Car Reviews, Car Prices
Source: carguideph - 🏆 16. / 63 Read more »