The Philippine Ports Authority (PPA)’s net income in the first five months of 2014 slipped by 13 percent from a year earlier, pulled down mainly by a hefty drop in its investment income.
According to PPA data, net income in the five months to May fell to P2.303 billion from P2.655 billion in the comparable period last year due mainly to a 31 percent drop in its Fund Management Income (FMI).
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