Meralco Q1 profit up 26%; energy sales beat prepandemic level

MANILA  -The country’s largest power distributor, Manila Electric Co. (Meralco), grew its net income by 26 percent to P8.07 billion in January to March this year as the reopening of the economy improved energy sales. At a company financial briefing, Meralco chair Manuel Pangilinan said 2023 “is looking good” and expressed confidence that the utility … Continue reading Meralco Q1 profit up 26%; energy sales beat prepandemic level