Manila Water records flat profit in the first nine months
Listed Manila Manila Water Co. Inc. said profit was nearly unchanged in the first nine months of the year.
The Ayala-led and east zone concessionaire told the stock exchanged on Wednesday that net income during the nine months ending September stood at P4.9 billion, up by a measly 0.4%
Total revenues went up three percent to P13.8 billion while EBITDA (earnings before interest, taxes, depreciation and amortization) was also flat at P9.2 billion.
Manila Water operates three other subsidiaries namely the Laguna AAA Water Corp., Boracay Island Water Corp. and Clark Water Corp.