Meralco 9-month net surges 44% to P28.4B

By The Manila Times

Nov 07, 2023 12:23 am

MANILA Electric Co. (Meralco) saw its consolidated net income in the first three quarters of the year grow by 44 percent to P28.4 billion, from P19.76 billion a year ago, on higher distribution sales and contributions from its power generation and retail electricity supply businesses.

Consolidated core net income, meanwhile, grew by 53 percent to P30 billion, the firm reported on Monday.

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

Cebu Landmasters defers Luzon entry

JG Summit's Gokongwei bags EY Excellence award

Non-NCR sales drive Vista Land profit to P9.1B

Perez to succeed Singson at MPTC

SM Prime reformats residential business

GT Capital nine-month income dips to P21.7B

JG Summit to inject P17B into olefins unit