MacroAsia’s H1 profit drops 33% on higher costs

MANILA, Philippines — Lucio Tan-led MacroAsia Corp. reported a 33 percent fall in its first-half earnings to P449.6 million as rising costs and weaker contributions from associates offset higher revenue gains. That figure represented the company’s net income attributable to equity holders of the parent firm and was down from P679.7 million in the first half