Metro Pacific Investments Corp. saw an increase of its first quarter net income by 8%. The growth is attributable to shareholders, due to power, water, rail, and hospital unit contributions. Beyond that, MPIC also plans on venturing into a brand new industry: logistics.
Its board has already approved of a P2-billion investment last Wednesday. The investment is on a brand new joint venture company that is to tie up with a foreign logistics firm. Over five years or so, MPIC expects to invest up to P5 billion, although the logistics unit is likely to contribute in a “minor” way to the total revenues by then.
