In a press conference yesterday, Meralco CFO Betty Siy-Yap reported that consolidated core net income from January to June rose by 21 percent to P23.2 billion from P19.2 billion previously.
Consolidated net income was said to have improved by 26 percent to P22.4 billion from P17.9 billion, while revenues grew by six percent to P237.5 billion from P224.8 billion.
Siy-Yap said the growth was powered by "higher sales volume of the distribution utility (DU), higher contribution of the retail electricity business and higher plant availability of power generation in the second quarter of the year."
This story is from the July 30, 2024 edition of The Philippine Star.
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This story is from the July 30, 2024 edition of The Philippine Star.
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