BREAK: Manila Water Q1 profit falls 27%
Manila Water’s net income for the first quarter fell by 27 percent year-on-year to ₱1.23 billion this year, mainly due to the impact of the water supply shortage in its Metro Manila concession.
In a statement, the company said that as of May 8, it has achieved 98 percent water availability of at least 8 hours at 7 psi, at ground-floor level.
Also, close to three-fourths of the East Zone concession now has 24-hour water availability at 7 psi. /muf
Subscribe to our business newsletter
Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.