Manila Water Company, Inc. reported parent and consolidated earnings results for the first quarter ended March 31, 2021. Consolidated net income for the period stood at PHP 1.3 billion, 8% lower than last year, due to drop in billed volume and change in customer mix as well as reduction in supervision fees as a result of COVID-19. Revenues declined 15% to PHP 999 million. Revenues declined 11% for the period to nearly PHP 3.9 billion, largely due to lower billed volume and the shift of customer mix.