Manila Electric Co. (Meralco), the country’s largest power distributor, reported a 14 percent surge in consolidated core net income for the first nine months of the year, driven by robust performance in its power generation businesses that more than offset a slight decline in electricity distribution volumes.
In a briefing, Meralco Senior Vice President and Chief Finance Officer Betty C. Siy-Yap said the company’s core profit rose to ₱40 billion from ₱35.1 billion a year earlier, while net
Continue Reading on Manila Bulletin
This preview shows approximately 15% of the article. Read the full story on the publisher's website to support quality journalism.