
MPIC Q1 net income jumps 48% to P9.1B on asset sale gain
METRO PACIFIC Investments Corp. (MPIC) reported a 48% increase in its first-quarter (Q1) net income to P9.1 billion from P6.1 billion a year earlier, driven by a gain from the divestment of its oil storage business. “Reported net income surged 48% to P9.1 …