Meralco to overshoot CCNI target for this year–exec

Quick Summary:

The Manila Electric Co.(Meralco) expects to exceed its target consolidated core net income (CCNI) of P43 billion this year, following its strong performance in January to September.

The RES and non-electricity businesses had a combined CCNI contribution of P 5.7 billion or 16 percent.

Meralco spent P26 billion for capital expenditures, of which P15.3 billion were utilized for distribution network projects that included new connections, asset renewals, and load growth projects, among others.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Lenie Lectura

Category: BusinessStartups

Markets: Philippines

Topics: Meralco’s Sales Generation Power Ccni Growth Meralco Percent Billion Year Energy

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-28 @ 16:04:00 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 595 words

Reading Time: 4 minutes read

Sentences: 21 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 23291668

View Article Analysis

About Business Mirror

Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 62 posts per day

Year Established: 2005

Headquarters: Philippines

News Last Updated: 15 hours ago

Coverage Areas: Philippines

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #37

Publisher Details

Frequently Asked Questions