MANILA Electric Co. (Meralco) reported on Monday a consolidated net income of P16.149 billion in 2020, a 31-percent decrease from P23.37 billion in the same period a year ago.
In a virtual press briefing, Meralco Chief Financial Officer Betty Siy-Yap reported that the power distributor’s consolidated revenues decreased by 14 percent to P275.3 billion from P318.3 billion.
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