Meralco 2021 net income up 13%

By Ben Gines Jr.

Mar 01, 2022 12:14 am

THE Manila Electric Co. (Meralco) said yesterday its consolidated core net income (CCNI) for the year 2021 grew by 13 percent to P24.6 billion from P21.7 billion in 2020.

The increase was driven by the return of energy sales volumes to near pre-pandemic level and contributions from the power generation business, the largest electric distribution firm said in its financial report released yesterday.

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

AboitizPower subsidiary to take over wind project

Semirara posts record coal shipments in 2024

Axelum sees 'unique opportunities' for 2025

New year, new shift in SSS contributions

Accountants can lead the charge against financial scams

SEC orders listed firms to disclose auditor fees

PTFC nets P31.2M in Q1 of fiscal year