Manila Water makes profit of P2.6 B in first half of 2012By Riza T. Olchondra
Philippine Daily Inquirer
MANILA, Philippines—Manila Water Co. Inc. disclosed Wednesday that its net income for the first half of the year jumped by nearly a third over the same period last year as revenue grew by almost a fourth.
The Ayala-led water company’s report to the Philippine Stock Exchange showed that its profit grew 31 percent to P2.63 billion in the first six months of 2012 from just a little over P2 billion in the same period last year.
Revenue grew 24 percent to P7.2 billion from P5.8 billion.
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