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First Pacific Co ( (HK:0142) ) has provided an announcement.
Metro Pacific Investments Corporation (MPIC), in which First Pacific holds a 46.3% economic interest, reported its audited financial results for the year ending December 31, 2024. MPIC’s operating revenues increased to PHP 73,116 million from PHP 61,328 million in 2023, while net income rose to PHP 35,878 million from PHP 26,357 million the previous year. The results reflect strong growth in MPIC’s operations, with significant contributions from equity method investees and increased interest income. This financial performance underscores MPIC’s robust positioning in the infrastructure sector in the Philippines, potentially benefiting stakeholders through improved earnings and comprehensive income.
More about First Pacific Co
First Pacific Company Limited is a Hong Kong-based investment management and holding company with a focus on the Asia-Pacific region. It holds significant economic interests in various sectors, including infrastructure, consumer food products, telecommunications, and natural resources. Metro Pacific Investments Corporation (MPIC), a key investment of First Pacific, operates in the Philippines and is involved in infrastructure development and management.
YTD Price Performance: 15.00%
Average Trading Volume: 22,021
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $2.57B
Learn more about 0142 stock on TipRanks’ Stock Analysis page.