The consolidated core net income of Metro Pacific Investments Corp. (MPIC) fell by 26 percent to P2.5 billion in the last quarter due to reduced toll road traffic and capacity of light rail services, and lower demand for water and power.

The attributable income of the Pangilinan-led firm, however, surged by 272 percent to P7 billion in the first quarter on the back of the gain from the sale of Global Business Power (GBP) and Don Muang Tollways.

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