MacroAsia FY23 profit: P1.1-B (up 132%)
MacroAsia [MAC 4.26, up 7.8%; 690% avgVol] [link] posted an FY23 net income of P1.07 billion, up 132% from its FY22 net income of P0.46 billion, lifted by a 74% increase in in-flight catering revenues to P3.98 billion and a 53% increase in ground handling and aviation services to P3.14 billion. Both increases were themselves driven by the broader increase in both domestic and international flight activity. MAC reported handling 48,041 more flights in FY23 than FY22 (up 36%), and attributed its improved results this year to “volume growth across all the Group’s business units.”
