MANILA Electric Co. (Meralco) on Monday reported a 21-percent surge in first half consolidated core net income to P23.20 billion, from P19.20 billion a year earlier, following higher power sales.
The distribution business accounted for over half, or 55 percent, at P12.6 billion, followed by power generation (27 percent or P6.20 billion), and retail electricity supply and non-electricity businesses (P4.20 billion or 18 percent).
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