Tuesday 21 November
Powered by Ajaxy
Oct 27, 2017 @ 21:07

Meralco profit slightly up in Jan-Sept


Power utility giant Manila Electric Co. (Meralco) reported a three percent increase in its nine-month core income to P15.4 billion this year.

Reported net income rose two percent to P15.9 billion while consolidated revenues grew 10 percent to P214.39 billion.

Meralco saw a 4.3 percent growth in sales volume to 31,401 gigawatt-hours (gwh), despite a high base in 2016. Its customer count also increased 4.6 percent to 6.25 million.

With only two months remaining in 2017, we are indicating a guidance on 2017 consolidated core net income to be a slight improvement over the amount reported in 2016,” said Meralco chairman Manuel V. Pangilinan.

Tags: , , , , ,

Related Stories
Sta. Lucia Land Inc. grew its nine-month income by 31 percent to P700.5 million on
Globe Telecom Inc. reported a six percent rise in data-related revenues to P51 billion in
Phoenix Petroleum Philippines Inc. of bilyonaryo Dennis Uy managed to post higher profits as of
Megaworld Corp. booked a 11 percent rise in its nine-month income to P9.98 billion, driven


Trending News

Recommended on sister sites

Copyright © 2017 Bilyonaryo - bilyonaryo.com.ph.