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                    [ArticleID] => 349502
                    [Title] => Meralco income plunges 31% to P1.12B in Q2
                    [Summary] => 



Manila Electric Co. (Meralco), the country’s largest privately-owned power distributor, reported yesterday a 31.2-percent drop in net income to P1.12 billion in the second quarter of 2006 from P1.62 billion in the same period last year.


In a statement, Meralco said its earnings in the second quarter, however, was an improvement from the P748-million net loss incurred in the first quarter of the year.


Thus for the first six months of 2006, Meralco made a turnaround to an income of P367 million, from a net loss of P583 million in the same period last year.

                    [DatePublished] => 2006-07-27 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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            [1] => Array
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                    [ArticleID] => 153942
                    [Title] => Napocor to lose P34-B this year
                    [Summary] => State-owned National Power Corp. (Napocor) is projecting a net loss of P34 billion this year more than three times the P10.4-billion loss recorded last year.


In a press conference, Napocor OIC-president and chief executive officer Roland Quilala said the targeted net loss is more than double the P16.3 billion programmed losses last year.


Quilala said the projected loss for this year includes the additional cost of separation benefits for more than 8,000 Napocor employees.


                    [DatePublished] => 2002-03-15 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
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                    [ArticleID] => 152616
                    [Title] => Napocor trims 2001 loss to P10.4 billion
                    [Summary] => State-owned National Power Corp. (Napocor) reported over the weekend a 20-percent decline in its net loss from P12.9 billion in 2000 to P10.4 billion in 2001.


Napocor officer-in-charge Roland S. Quilala said last year’s net loss was 36.3 percent better than projected P16.3 billion for 2001.


He attributed the drop in the company’s losses to higher sales during the period review.


The power generation firm was able to increase its sales to 40,304 gigawatthours (gWh) of electricity during the period from the previous year’s level of 37,320.


                    [DatePublished] => 2002-03-04 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
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                    [SectionName] => Business
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ONE DAY POWER SALES

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                    [ArticleID] => 349502
                    [Title] => Meralco income plunges 31% to P1.12B in Q2
                    [Summary] => 



Manila Electric Co. (Meralco), the country’s largest privately-owned power distributor, reported yesterday a 31.2-percent drop in net income to P1.12 billion in the second quarter of 2006 from P1.62 billion in the same period last year.


In a statement, Meralco said its earnings in the second quarter, however, was an improvement from the P748-million net loss incurred in the first quarter of the year.


Thus for the first six months of 2006, Meralco made a turnaround to an income of P367 million, from a net loss of P583 million in the same period last year.

                    [DatePublished] => 2006-07-27 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 153942
                    [Title] => Napocor to lose P34-B this year
                    [Summary] => State-owned National Power Corp. (Napocor) is projecting a net loss of P34 billion this year more than three times the P10.4-billion loss recorded last year.


In a press conference, Napocor OIC-president and chief executive officer Roland Quilala said the targeted net loss is more than double the P16.3 billion programmed losses last year.


Quilala said the projected loss for this year includes the additional cost of separation benefits for more than 8,000 Napocor employees.


                    [DatePublished] => 2002-03-15 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 152616
                    [Title] => Napocor trims 2001 loss to P10.4 billion
                    [Summary] => State-owned National Power Corp. (Napocor) reported over the weekend a 20-percent decline in its net loss from P12.9 billion in 2000 to P10.4 billion in 2001.


Napocor officer-in-charge Roland S. Quilala said last year’s net loss was 36.3 percent better than projected P16.3 billion for 2001.


He attributed the drop in the company’s losses to higher sales during the period review.


The power generation firm was able to increase its sales to 40,304 gigawatthours (gWh) of electricity during the period from the previous year’s level of 37,320.


                    [DatePublished] => 2002-03-04 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

abtest

Meralco income plunges 31% to P1.12B in Q2

By Donnabelle L. Gatdula | July 27, 2006 - 12:00am

Manila Electric Co. (Meralco), the country’s largest privately-owned power distributor, reported yesterday a 31.2-percent drop in net income to P1.12 billion in the second quarter of 2006 from P1.62...

Business

Napocor to lose P34-B this year

By Donnabelle L. Gatdula | March 15, 2002 - 12:00am

State-owned National Power Corp. (Napocor) is projecting a net loss of P34 billion this year more than three times the P10.4-billion loss recorded last year. In a press conference, Napocor OIC-president and chief...

Business

Napocor trims 2001 loss to P10.4 billion

March 4, 2002 - 12:00am

State-owned National Power Corp. (Napocor) reported over the weekend a 20-percent decline in its net loss from P12.9 billion in 2000 to P10.4 billion in 2001. Napocor officer-in-charge Roland S. Quilala said last...

Business