10 months Meralco clinches another banner year with income of P23.1B MB |Biz
By Myrna M. Velasco Amid market and socio-economic challenges in 2018, power utility giant Manila Electric Company (Meralco) was able to set another record year with its reported net income rising by 13-percent to P23.1 billion from the leaner financial outcome of P20.5 billion in 2017. Manuel V. Pangilinan The company’s consolidated core net income has also been 11-percent higher to P22.4 billion in 2018 from the year-ago level of P20.2 billion. Meralco Chairman Manuel V. Pangilinan said financial indications are good, stressing further “I think this year (referring to 2019) is better than last year,” primarily with the inflation ... more