Higher sales lift Meralco profit to P23.2B in H1

By The Manila Times

Jul 30, 2024 12:32 am

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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