7 months Meralco core income up 14% to P5.6 B in Q1 MB |Biz
By Myrna M. Velasco Amid what it considers as “mild growth” in energy sales, the core income of Manila Electric Company (Meralco) climbed 14 percent to P5.598 billion in the first quarter versus P4.917 billion in the same period last year. For the company’s reported income, that was a rise of 7.0 percent to P5.671 billion within the first three months of the year vis-à-vis a leaner P5.312 billion in 2018. The first quarter core income resulted in earnings per share of P4.967; and the reported earnings at P5.032 per share, according to Meralco Chief Finance Officer Betty Siy-Yap. ... more