Metro Pacific doubles 2023 profit
METRO Pacific Investments Corp. (Metro Pacific) on Wednesday reported that its net income in 2023 doubled to P26.36 billion from P13.14 billion in the previous year. In a statement, the company said the growth was mainly driven by the strong performance of its power business — Manila Electric Co. or Meralco — and higher water […]
Tomas Kauer - News Moderator 
METRO Pacific Investments Corp. (Metro Pacific) on Wednesday reported that its net income in 2023 doubled to P26.36 billion from P13.14 billion in the previous year.
In a statement, the company said the growth was mainly driven by the strong performance of its power business — Manila Electric Co. or Meralco — and higher water tariffs, plus a brisk 38-percent growth in core net income to P19.5 billion from P14.2 billion.
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