Generation units, sales powered Meralco earnings by 47% in H1

Indonesia Berita Berita

Generation units, sales powered Meralco earnings by 47% in H1
Indonesia Berita Terbaru,Indonesia Berita utama

Meralco saw its earnings grow by 47 percent to P19.1 billion in the first half of the year driven by the strong performance of its power generation business alongside record-high sales. | MegINQ /PDI

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Commercial sales reached 9,162 GWh from January to June this year, a growth of 10 percent, surpassing the prepandemic midyear sales volume of 8,951 GWh in 2019.

During the period in review, residential sales likewise recovered to 8,629 GWh, a slight increase from 8,506 GWh previously. The energy company’s power generation units also supported a 13-percent growth in consolidated revenues to P224.8 billion.

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