MPIC Q1 core earnings climb to P6.9B

Metro Pacific Investments Corp. (MPIC) posted a 5-percent increase in first-quarter consolidated core net income despite elevated energy prices and global market volatility. In a disclosure, the tycoon Manuel Pangilingan-led firm said its core net income reached P6.9 billion in the January-to-March period from P6.6 billion a year earlier. Contribution from operations rose 4 percent,