Meralco expects 2022 core earnings to surpass last year s bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.
Meralco core income up nearly 19% on higher energy sales bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.
THE Manila Electric Co. (Meralco) is assessing its financial position to determine if it can borrow money this year to fund its power projects. “Yes, we are currently reviewing already our cash flow requirements given the capex. We’re looking to do something within the year,” said Meralco Senior Vice President…
New plant boosts Meralco profit - BusinessWorld bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.
BusinessWorld
April 27, 2021 | 12:09 am
BW FILE PHOTO
MANILA Electric Co. (Meralco) posted a consolidated core net income of P5.11 billion in the first quarter, a decline of 11% year on year, after a slump in energy sales to the commercial sector due to the impact of the pandemic.
âDespite the continued strong sales from residential customers and the recovery of industrial sales, the commercial sector, however, struggled as restaurants, malls, hotels are not yet operating at their pre-pandemic level,â Meralco Senior Vice-President and Chief Finance Officer Betty C. Siy-Yap said during the distribution utilityâs briefing on Monday to present its financial and operating results.