Meralco 9-mth core net income up 11%

DISTRIBUTION giant Manila Electric Co. (Meralco) is confident it can reach its consolidated core net income guidance of P18.5 billion for 2015 after registering an 11-percent growth year of September.

“Given our performance to-date and the outlook for the rest of the year, we expect to achieve our consolidated core net income guidance of P18.5 billion for the full year 2015,” Meralco Chairman Manuel Pangilinan told reporters in a briefing on Monday.