Generic placeholder image
Manila Water core net income down 12% in 1st Quarter

Manila Water core net income fell 12 percent in the first quarter of the year with lower contribution coming from its domestic subsidiaries. On the other hand, operations in its East Zone concession remained resilient as performance improved on the back of continued supply and network management initiatives to ensure service availability. Considering one-offs driven by the raw water supply shortage in 2019, consolidated net income for the period increased 4 percent to ₱1.3 billion. 

read more