MERALCO Consolidated Core Net Income for 9M2013 Up 5% to PhP13.6B

Manila—(PHStocks)—Manila Electric Co. (MERALCO, PSE: MER) has announced that its unaudited consolidated Core Net Income, which excludes one-time, exceptional charges, for the nine months ended 30 September 2013 amounted to PhP13.6 billion. Consolidated Reported Net Income also stood at PhP13.6 billion. The volume of energy sold during the first nine months of 2013 reflected a 5% growth despite a major weather disturbance […]
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First Metro Sells 20% Stake at Global Power to Meralco PowerGen

Makati—(PHStocks)—First Metro Investment Corp. (First Metro) and Meralco PowerGen Corp. (MGen) have signed a Shareholders’ Agreement (SHA) to complete the sale of First Metro’s 20% stake in Global Business Power Corp. (Global Power) to MGen. The SHA was signed together with GT Capital Holdings Inc. (PSE: GTCAP), ORIX Corp. of Japan (ORIX) and Global Power. The transaction […]
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