Tuesday 16 October
Powered by Ajaxy
Metro Pacific Tollways San Miguel Corp. Nov 2, 2017 @ 18:20

Metro Pacific tollway firm optimistic about hitting P10B revenue goal


NLEX Corp. is on track to meet its P10 billion revenue target this year on higher vehicle traffic at the North Luzon Expressway and the Subic-Clark Tarlac Expressway.

The company is banking on the expected 4.3 percent growth in vehicle traffic at NLEX to 240,000 per day.

NLEX president and CEO Rodrigo Franco the number of vehicles was also forecast to increase to 50,000 per day.

In the first half, NLEX reported a net income of P2.3 billion on the back of an eight percent hike in revenue to P5.7 billion.

Please follow and like us:

Tags: , , , ,

Related Stories
NLEX Corp. grew its first semester profit by a little more than a fifth to
NLEX Corp. sees vehicle traffic rising by five to six percent by the end of
NLEX Corp. said it is ready for the the expected surge in traffic volume as
Metro Pacific Investments Corp. has submitted an offer to acquire a toll road project in


Trending News

Recommended on sister sites

Copyright © 2018 Bilyonaryo - Latest news on the richest Filipinos and Family Business.