Maharlika Investment Corp. posts 49% rise in Q3 net income, targets 2-3 deals by year-end
The Philippines' Maharlika Investment Corp. (MIC) reported a 49% year-on-year surge in its third-quarter net income to P941 million, driven by revenues from active investments, including its stake in Asian Terminals, Inc. and interest from a loan to Petron Corp. The state-owned fund anticipates announcing two to three new deals before the year ends.
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