Manila Water’s consortium with French water distributor Saur Group and Saudi’s Miahona Company inked a Management, Operations and Maintenance Contract with Saudi Arabia’s state-run water agency, National Water Company.

With towns in Quezon Province heavily ravaged by Tropical Storm "Pepito," Manila Water Foundation (MWF), Manila Water’s social development arm, rushed to Lucena City on October 21 to bring two truckloads of potable water and food packs for 7,000 affected individuals. As of the 5:00 am advisory on October 21, the Disaster Risk Reduction and Management (DRRM) unit of Quezon Province stated that the typhoon is still in District 4 area, namely in Atimonan, Plaridel, Gumaca, Lopez, Calauag and the island towns of Alabat, Perez and Quezon. Reports listed more than 23,000 individuals evacuated from the District 4 areas, which were affected by knee- and waist-deep flooding incidents, and minor landslides.

Manila Water net income for the first half of 2020 was relatively flat, increasing 1 percent from the same period last year to ₱2.48 billion. The lower contribution from domestic subsidiaries, coupled with recognition of additional estimates for various exposures across the group, weighed down on earnings.

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. 

Please be advised that the recorded webcast of Manila Water’s 2020 Annual Stockholders’ Meeting conducted last April 17, 2020 is now available.