Marcventures Mining and Development Corp. (MMDC), the wholly owned subsidiary of Marcventures Holdings Inc., said on Tuesday that its net income increased by 172 percent in the first half of the year after increasing its shipments by threefold.

In a disclosure to the Philippine Stock Exchange, MMDC said that its net profit amounted to P304.2 million in January to June 2013, from P112 million a year ago.

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