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Manila Water posts Net Income decline in 1Q 2019

Manila Water posted earnings of ₱1.23 billion for the first quarter of 2019, 27 % lower than the previous year. The slowdown was mainly due to the the impact of the water supply shortage in its Manila Concession business.

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Manila Water successfully refinances East Water acquisition loan

Manila Water (Thailand) Co. Ltd., a subsidiary of Manila Water Company, Inc., through Manila Water Asia Pacific Pte. Ltd., signed a THB5.30 billion, 5-year term loan facility with Mizuho Bank, Ltd. – Bangkok Branch and Bank of Ayudhya Public Company Limited to take out the previous bridge loan used to finance the acquisition of an 18.72% equity stake in Eastern Water Resources Development and Management Public Company Limited.

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Manila Water posts P6.5 Billion Net Income in 2018

Manila Water continued on its path to growth in 2018, posting net income increase of 6% from the previous year to reach P6.5 billion. This was driven largely by the steady performance of the Manila Concession, bolstered by the approval of its positive tariff adjustment and Business Plan. Beyond the Manila Concession, new business wins and acquisitions establish an ideal platform for further market expansion.

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Manila Water consortium signs Php 1.5 billion deal for Tanauan project

Earlier this week, the Consortium of Manila Water Company, Inc. and its wholly-owned subsidiary Manila Water Philippine Ventures signed a joint venture agreement with Tanauan Water District to implement a project that will improve the provision of water supply and sanitation services in the City of Tanauan in the Province of Batangas.

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