FIRST PACIFIC's MPIC reported a core profit of 23.6 billion pesos for the first nine months, an increase of 14%

FIRST PACIFIC (00142.HK) announced that its Philippine listed company MPIC, in which it holds a 49.9% economic interest, recorded a core net profit of PHP 23.6 billion for the first nine months, representing a year-on-year growth of 14%. The financial and operational performance of various businesses in the MPIC portfolio has improved, driving an operational contribution increase of 12% to PHP 27.2 billion.

In core operations, electricity continued to be the largest contributor, reaching PHP 17.6 billion or 65% of the operational net profit; water and toll roads contributed PHP 5.8 billion and PHP 4.4 billion, accounting for 37% of the operational net profit