“We expect these markets to soften this year, so our strategy is centered around increasing volumes and optimizing cost management to maintain healthy margins,” Consunji said.
Maynilad Water Services Inc., a venture with Metro Pacific Investments Corp. and Japan’s Marubeni, saw net income contribution down by 6 percent to P1.4 billion as a result of higher costs for light and power, repairs and maintenance, and chemicals.
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