11 months Manila Water posts P6.5–B profit MB |Biz
By James A. Loyola Manila Water Company, a unit of Ayala Corporation, grew its net income by 6 percent to P6.5 billion last year mainly due to the approval of the positive tariff adjustment and Business Plan of its Manila Concession.   MWC logo (Photo courtesy of www.manilawater.com/) In a disclosure to the Philippine Stock Exchange, the firm said that, “beyond the Manila Concession, new business wins and acquisitions establish an ideal platform for further market expansion.” Manila Water President and CEO Ferdinand M. Dela Cruz said “I see our 2018 performance as a testament to our resolve, as we ... more