Meralco expects 7% sales growth in Q1

MANILA Electric Co. (Meralco), the country’s largest power distribution utility, expects to report 7 percent sales growth for the first quarter of this year from a year ago, a top official said.

Although Meralco has yet to release its first quarter results, the listed firm is expecting “about 7 percent [sales growth] compared to last year,” Meralco President Oscar Reyes told reporters on Monday.