Manila Electric Co. (Meralco) likely achieved its core net income guidance of P19 billion last year as overall demand bill volume went up.

Meralco chairman Manuel V. Pangilinan told reporters the power distributor is expected to have met its P19 billion core net profit guidance for 2016.

“Overall demand bill volume was slightly above eight percent for the entire year,” he said.

As of end-September last year, Meralco’s core net income reached P14.96 billion, down five percent from P15.8 billion in the same period in 2015.

Read more here.

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