7 months Meralco income hits P12B in Jan-June Manilatimes |Biz
LISTED Manila Electric Co. (Meralco) said on Monday its consolidated reported net income remained flat at P12 billion in the first six months of the year. At a press briefing on Monday, Meralco Chief Financial Officer Betty Siy-Yap did not give an explanation for the non-growth, but pointed out that the power giant’s consolidated core net income — which excludes one-time exceptional gains and charges — jumped by 14 percent to P12.3 billion in January to June from P10.9 billion in the same period in 2018. Consolidated revenues rose by 10 percent to P165 billion in the first half from ... more