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Home>Manila Electric 1st Half Net Profit up 2.1% at PHP9.64 Billion

Manila Electric 1st Half Net Profit up 2.1% at PHP9.64 Billion

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Mon, 28 Jul 2014

By Cris Larano MANILA--Manila Electric Co.'s (MER.PH) first-half net profit rose 2.1% year over year to 9.64 billion pesos on increased electricity sold to industrial clients, an increase in customers and reduced costs, it said Monday. Revenue declined 7.1% to 129.72 billion pesos owing to
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