Manila Water 9-mo profit down 5% to P12B
MANILA, Pihlippines — Razon-led East Zone concessionaire Manila Water Co. saw its bottom line dip by 5 percent to P12 billion in the first nine months, weighed down by higher depreciation and interest expenses from new facilities. The firm said its consolidated revenues, however, climbed by 11 percent to P33.4 billion from P30.1 billion. The stronger top line followed tariff adjustments and sustained demand across its operations. READ: Manila Water Jan-Jun earnings up by 6% Earnings before interest, taxes, depreciation, and amortization (Ebitda) stood at P24.4 billion, up 12 percent from a year ago. Cost of services and operating expenses increased to […]...Keep on reading: Manila Water 9-mo profit down 5% to P12B
MANILA, Pihlippines — Razon-led East Zone concessionaire Manila Water Co. saw its bottom line dip by 5 percent to P12 billion in the first nine months, weighed down by higher depreciation and interest expenses from new facilities. The firm said its consolidated revenues, however, climbed by 11 percent to P33.4 billion from P30.1 billion. The stronger top line followed tariff adjustments and sustained demand across its operations. READ: Manila Water Jan-Jun earnings up by 6% Earnings before interest, taxes, depreciation, and amortization (Ebitda) stood at P24.4 billion, up 12 percent from a year ago. Cost of services and operating expenses increased to […]...
Keep on reading: Manila Water 9-mo profit down 5% to P12B
Keep on reading: Manila Water 9-mo profit down 5% to P12B
What's Your Reaction?
