Last $259.00 PHP
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Volume 190.6K
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As of 11:59 PM 09/17/14 All times are local (Market data is delayed by at least 15 minutes).

manila electric company (MER) Snapshot

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10/16/13 - $306.81
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manila electric company (MER) Details

Manila Electric Company, together with its subsidiaries, is engaged in the distribution and sale of electricity primarily to industrial, commercial, and residential customers in the Philippines. The company operates through two segments, Power and Other Services. It provides power to approximately 5 million customers in 34 cities and 77 municipalities, which include Metro Manila; the provinces of Rizal, Cavite, and Bulacan; and parts of the provinces of Pampanga, Batangas, Laguna, and Quezon. The company also provides engineering, construction, and maintenance services related to power generation, transmission, and distribution, as well as industrial plants, water resources, and telecommunications; information technology services and integrated business solutions to enterprise clients; e-business development and distribution; and e-transaction and bills payment collection services, as well as remittance cash pick-up, electronic cash management services, prepaid loading, service applications acceptance, and outsourced tellering and cashiering services. In addition, it offers meter energy services, strategic loadside outsourcing, energy efficiency solutions, managed services, and power quality and power factor services; designs, procures, and installs right-sized electrical facilities, as well as holds a congressional telecommunications franchise to construct, install, establish, operate, and maintain for commercial purposes and in the public interest; and provides basic and enhanced telecommunications services in the Philippines and between the Philippines and other countries and territories. Further, the company owns and operates The Strip mall; and provides non-life insurance services. Manila Electric Company was founded in 1903 and is based in Pasig, the Philippines.

5,898 Employees
Last Reported Date: 04/21/14
Founded in 1903

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manila electric company (MER) Key Developments

Manila Electric Co. Presents at Macquarie ASEAN Conference 2014, Aug-26-2014

Manila Electric Co. Presents at Macquarie ASEAN Conference 2014, Aug-26-2014 . Venue: Singapore.

Manila Electric Co. Announces Unaudited Consolidated Earnings Results for Six Months Ended June 30, 2014; Provides Earnings Guidance for the Full-Year of 2014

Manila Electric Co. announced unaudited consolidated earnings results for six months ended June 30, 2014. the For the period, the company's net profit edged up 2.1% year on year to PHP 9.637 billion, while core net profit - which strips out one-time gains or losses - grew 7.6% to PHP 9.870 billion. Earnings per basic and diluted share were PHP 8.551 compared to PHP 8.377 a year ago. Core net income per share was PHP 8.757 compared PHP 8.140 a year ago. The company’s revenue was PHP 132.168 billion compared to PHP 141.714 billion a year ago. Income before tax was PHP 13.890 billion compared to PHP 13.282 billion a year ago. EBITDA amounted to PHP 17.3 billion, up 8% compared with the same period last year. Free cash flow amounted to PHP 18.0 billion. Capital expenditures amounted to PHP 4.9 billion, 23% more than 2013. The lower consolidated revenues in 2014 are attributable to the PHP 9.3 billion downward adjustment of pass-through charges on Meralco's purchases from the Wholesale Electricity Spot Market billed by the Philippine Electricity Market Corporation based on a March 3, 2014 Order of the Energy Regulatory Commission, foregone revenues on the volume of contestable customers served by other retail electricity suppliers under Retail Competition and Open Access, and lower system loss charge. The company remains hopeful of growth in the full-year core profit. It expects full-year performance to take a hit from the impact of typhoon Glenda (international name: Rammasun).

Manila Electric Co. to Report Q2, 2014 Results on Jul 28, 2014

Manila Electric Co. announced that they will report Q2, 2014 results on Jul 28, 2014


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