Manila Water Company, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 14, 2022 at 01:38 am EST
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Manila Water Company, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was PHP 5,308.54 million compared to PHP 4,914.58 million a year ago. Revenue was PHP 5,727.57 million compared to PHP 5,134.7 million a year ago. Net income was PHP 1,603.59 million compared to PHP 654.97 million a year ago.
For the nine months, sales was PHP 15,309.14 million compared to PHP 14,579.91 million a year ago. Revenue was PHP 16,463.23 million compared to PHP 15,274.81 million a year ago. Net income was PHP 4,522.53 million compared to PHP 3,387.22 million a year ago.
Manila Water Company, Inc. provides water, integrated used water, sewerage and sanitation, distribution services, pipework, engineering, procurement and management services. Its segments include Manila Concession and Head Office, Domestic Subsidiaries and Foreign Subsidiaries. The Manila Concession and Head Office represents the operations of the Manila Concession (East Zone) of the Parent Company in accordance with its Concession Agreement. The Domestic Subsidiaries include Philippine businesses, such as MWIS, Calasiao Water, MWPVI (including Boracay Water, Calbayog Water, Clark Water, Filipinas Water, Bulakan Water, Ilagan Water, South Luzon Water, Obando Water, Laguna Water, North Luzon Water, Davao Water, Tagum Water, MW Consortium, Cebu Water, Aqua Centro, BMDC, EcoWater, Leyte Water, MWTV, and Zamboanga Water). The Foreign Subsidiaries consist of businesses outside the Philippines under Manila Water Asia Pacific Pte. Ltd. (KDWH, MWSAH, TDWH, MWTH, MWTC, MSEA, and PTMWI).
MANILA WATER COMPANY, INC. 
