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Income Roundup: May 15, 2024

Income Roundup: May 15, 2024
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Manila Water unit to acquire EHI shares

Manila Water Philippine Ventures (MWPV) has signed a share purchase agreement (SPA) with EquiParco Holdings Corp. (EPHC), Metropac Water Investments Corp. (MWIC), and TwinPeak Hydro Resources Corp. (THRC) for the sale and purchase of 70 percent shares in Equipacific HoldCo Inc. (EHI). Equipacific HoldCo Inc. is an investment company which…

Higher expenses pull down income of Manila Water

Manila Water Co. Inc., a utility firm controlled by billionaire Enrique K. Razon Jr., said its income fell 4 percent to P5.87 billion in 2023 from the previous year’s P6.14 billion on higher expenses and losses incurred by its international business. The East Zone concessionaire said its revenues rose 34…

Manila Water s profit hits ₧3 7B in 2021 | Jonathan L Mayuga

Manila Water Company Inc. on Tuesday reported consolidated earnings of P3.7 billion for 2021. This is 18 percent lower than the previous year’s consolidated earnings, which company officials attributed to the effect of the Covid-19 pandemic. The company said, however, that domestic and international operations outside its East Zone Concession…

Manila Water profits drop 18% in 2021

Manila Water Company reported an 18 percent drop in consolidated earnings to P3.7 billion for 2021 as the full-year effect of the COVID-19 pandemic impacted customer demand and business operations. In a disclosure to the Philippine Stock Exchange, the firm said profits dropped even as domestic and

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