The improvement in earnings was due to “higher energy sales volume of the distribution business and continuing contributions from power generation, retail electricity (supply) and the nonpower related businesses,” Meralco chief finance officer Betty Siy-Yap said in a media briefing.
Meanwhile, its reported net income - adjusted to exclude the effect of foreign exchange gains or losses, impairment charges, mark-to-market adjustments and other one-time, exceptional transactions- also went up by 19 percent to P9.6 billion from P8.1 billion a year earlier.
The CCNI consists of the following: P5.8 billion from distribution business, P2.7 billion from power generation and P1.5 billion from retail electricity supply (RES) and non-power related businesses.
Diese Geschichte stammt aus der April 30, 2024-Ausgabe von The Philippine Star.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der April 30, 2024-Ausgabe von The Philippine Star.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
HMOs finally swing to profit In Q1
The Board of Investments (BOI) has approved the application for registration of Metro Pacific Group's P2 billion dairy farm and processing facility in Laguna.
Ban on onion imports extended until July
The Philippines has extended the ban on the importation of onions until July to prevent a glut in local supplies following historic production levels, according to the Department of Agriculture (DA).
T-WOLVES, PACERS ADVANCE
LOS ANGELES (AFP) - The Minnesota Timberwolves erased a 20-point deficit to stun Denver 98-90, knocking the defending NBA champions out of the playoffs Sunday as Indiana ousted the New York Knicks.
Blue Origin flies tourists to space, including oldest astronaut
WASHINGTON (AFP) After a nearly two-year hiatus, Blue Origin flew adventurers to space on Sunday, including a former Air Force pilot who was denied the chance to be the United States' first black astronaut decades ago.
New president Lai vows to defend Taiwan's democracy
New Taiwan President Lai Ching-te yesterday vowed to defend the island's democracy, as he called on China to end its military intimidation of the self-ruled island.
Iran president killed in helicopter crash
‘It wasn’t us,’ Israeli official tells Reuters
Drop in Angat water level slowing down
The drop in the water elevation in Angat Dam is slowing down again due to heavy downpours that occurred over Metro Manila and nearby areas in the past two days, the Metropolitan Waterworks and Sewerage System (MWSS) said yesterday.
Child rights defender to appeal conviction
The camp of child and women's rights advocate Sally Ujano will appeal the ruling of a Taguig court, which found her guilty of the crime of rebellion.
DILG: Canadian 'major player' in P9.6-B drug haul
The government is getting closer to dismantling the drug ring behind the P9.6-billion shabu shipment seized by authorities in Alitagtag, Batangas last month following the arrest of a Canadian suspect, according to the Department of the Interior and Local Government (DILG).
PNP sacks 9 SAF members
Two members of the police Special Action Force who were arrested on May 18 for allegedly moonlighting as bodyguards in a village in Muntinlupa City were relieved from their posts along with seven other SAF officials, the Philippine National Police (PNP) announced yesterday.
