The East Zone concessionaire of the Metropolitan Waterworks and Sewerage System said its net income reached P10.103 billion from January to September, P2.84 billion higher than last year's P7.262 billion.
The water utility firm posted a 19 percent increase in its revenues that reached P27.547 billion from a year ago's P23.144 billion.
The increase in revenues was attributed to a 20 percent increase in the firm's average tariff and higher billed volume growth within the firm's East Zone jurisdiction.
Furthermore, the 23-percent hike in revenues of its non-East Zone operations due to higher billed volume and tariff increases also contributed to the firm's overall revenues.
This story is from the November 15, 2024 edition of The Philippine Star.
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This story is from the November 15, 2024 edition of The Philippine Star.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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