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MPIC 2022 core profit rises on strong demand rebound

Conglomerate Metro Pacific Investments Corp. (MPIC) on Wednesday said its core net income for 2022 reached P14.2 billion, up 15 percent from the previous yearโ€™s P12.3 billion on the strong recovery of toll road traffic and the growth in power consumption. Revenues for the year rose 28 percent to P519.5…
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SGP declares dividends for Q1 | Lenie Lectura

Synergy Grid and Development Philippines, Inc. (SGP), the indirect controlling shareholder of the National Grid Corporation of the Philippines (NGCP), has declared its cash dividend for the first quarter at P0.1737 per share totaling P914,680,924.20. This is lower than the previous quarter at P0.26 per share amounting to P1,369,125,160. In…
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Areit beefs up portfolio via share swap deal with ALI

Areit Inc., the real estate investment trust (REIT) of Ayala Land Inc. (ALI), said it will conduct a third property-for-share swap with its sponsor, involving prime property in Makati including a portion of its shopping mall. The transaction, the company said in its disclosure, will involve flagship offices and malls…
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ALI real estate investment trust's income hits ₧2.43B

Areit Inc. on Thursday said its net income in January to September rose by 35 percent to P2.43 billion from last yearโ€™s P1.79 billion, due to the contribution of the assets it acquired in 2021 and the continuing stability of its tenancy and operations. The real estate investment trust of…
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