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BRIEF-Metro Pacific Investments Updates On Impact Of Covid 19 To Mpic’S Businesses And Operations

Published 03/16/2020, 02:06 PM
Updated 03/16/2020, 02:08 PM
BRIEF-Metro Pacific Investments Updates On Impact Of Covid 19 To Mpic’S Businesses And Operations
MPI
-

March 16 (Reuters) - Metro Pacific Investments Corp
MPI.PS :
* METRO PACIFIC INVESTMENTS - INCREASED WORKING FROM HOME,
SKELETAL STAFFING IN MANY BUSINESSES WILL REDUCE RAIL TRAFFIC,
REDUCE TOLL ROAD TRAFFIC
* METRO PACIFIC INVESTMENTS CORP - RECENT GROWTH IN VOLUME
OF
POWER CONSUMED IN METRO MANILA THROUGH MERALCO IS LIKELY TO
DECLINE
* METRO PACIFIC INVESTMENTS CORP - UPDATES ON IMPACT OF
COVID 19
TO MPIC'S BUSINESSES AND OPERATIONS
* METRO PACIFIC INVESTMENTS CORP - DURATION OF QUARANTINE IS
UNCERTAIN AND THERE IS NO PRECEDENT TRAFFIC PATTERN ON WHICH TO
BASE GUIDANCE
* METRO PACIFIC INVESTMENTS- SEES A POSSIBLY REDUCED
DIVIDEND
INCOME FROM TOLLWAYS BUSINESS IF TRAFFIC REDUCTION RELATING TO
COVID19 IS SUBSTANTIAL
* METRO PACIFIC INVESTMENTS- EARNINGS GUIDANCE AS TO THE
IMPACT OF
COVID19 ON CO IS NOT PRACTICAL AT THIS STAGE

Source text for Eikon: ID:nPSX1nvb4L
Further company coverage: MPI.PS

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