4 months Meralco core profit up 14% to P12.3 B MB |Biz
By Myrna M. Velasco The core income of Manila Electric Company (Meralco) had risen 14 percent in the first half to P12.3 billion from last year’s P11.97 billion; while reported net income had been flattish at P12 billion. Manuel V. Pangilinan For full-year prospects, the outlook set out by Meralco Chairman Manuel V. Pangilinan will be a better financial performance that could potentially ramp up the country’s core income to the level of P23 billion from last year’s P22.4 billion. “We are optimistic it will be a better year compared to last year,” he stressed, adding that it will be ... more