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Meralco powers core income higher by 11 percent to P10.1 billion in Q1 philstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from philstar.com Daily Mail and Mail on Sunday newspapers.
Buoyed by pandemic recovery-underpinned energy sales and its Singapore power asset, the consolidated core income of power utility giant Manila Electric Company (Meralco) climbed by 10-percent to P 27.105 billion in 2022 from P24.6 billion in the prior year.
Buoyed by the strong financial outcome of its Pacific Light gas-fired power venture in Singapore and the uptick in energy sales, the consolidated core net income of Manila Electric Company (Meralco) climbed nine percent to P19.6 billion in this year’s nine-month stretch from P18.1 billion in the sam ....
Consolidated core net income of Manila Electric Company (Meralco) inched up by 15-percent in the first half this year to P13.1 billion from P11.399 billion in the same period last year, primarily due to six percent increase in energy sales, the main profit driver of the power utility giant.
THE Manila Electric Company (Meralco) expects to sustain its improving financial performance for the rest of the year after posting growth in core and net profits from January to June 2022 versus the same period last year. “We remain optimistic that Meralco will be able sustain its financial performance throughout… ....