MPIC net income up 7% in Q1

METRO Pacific Investments Corp. (MPIC) reported 7-percent growth in its core net income in the first quarter this year and said it is hoping to attain a better result for the whole year than the P10.3 billion recorded in 2015 despite continued regulatory difficulties.

MPIC Chairman Manuel Pangilinan told reporters they are hoping for higher net income growth for the rest of the year although uncertainties in the regulatory front remain.