BusinessWorld
August 5, 2021 | 12:09 am
By
Senior Reporter
METRO Pacific Investments Corp. (MPIC) managed to increase its second-quarter core net income this year by 82% to P3.5 billion, as more industries reopened.
“This acceleration of growth reflects an improvement in performance notwithstanding the continued imposition of varying levels of quarantine across the country and was partially augmented by the impact of the Corporate Recovery and Tax Incentives (CREATE) Law, which lowered income tax rates from 30% to 25%,” the company said in a statement on Wednesday.
The company said it benefited from the gradual reopening of more industries over the past year.
It also noted that the nationwide vaccine rollout enabled more businesses to reopen.
BusinessWorld
May 6, 2021 | 12:09 am
By
Senior Reporter
METRO Pacific Investments Corp. (MPIC) on Wednesday reported a 272.06% increase in its first-quarter attributable net income, owing to the sale of its stakes in a power producer and a toll road business in Thailand, as well as the recently signed tax incentives law.
MPIC’s attributable net income for the first quarter reached P7.03 billion, up from P1.89 billion in the same period last year, the company said in a statement to the stock exchange.
The company said it benefited from the gain recognized from the sale of Global Business Power Corp. and Thailand’s Don Muang Tollway Public Co. Ltd.