Business
MacroAsia's H1 Profit Drops 33% on Higher Costs
MacroAsia Corp. reported a 33% year-on-year drop in first-half net profit to P449.6 million due to rising costs and lower contributions from associates, despite a 9% revenue increase. Higher direct and operating expenses impacted profitability.
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- NAIA Lease Hike Squeezes MacroAsia's Half-Year Profit
MacroAsia Corp. saw its net income plunge 34% to P449.6 million in the first half of the year due to higher lease rates and the termination of a high-value service at Ninoy Aquino International Airport (NAIA). The company aims to improve profitability through cost recovery and operational efficiencies.