Generation units, sales powered Meralco earnings by 47% in H1

📆 8/1/2023 2:50 AM
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Meralco saw its earnings grow by 47 percent to P19.1 billion in the first half of the year driven by the strong performance of its power generation business alongside record-high sales. | MegINQ /PDI

Commercial sales reached 9,162 GWh from January to June this year, a growth of 10 percent, surpassing the prepandemic midyear sales volume of 8,951 GWh in 2019.

During the period in review, residential sales likewise recovered to 8,629 GWh, a slight increase from 8,506 GWh previously. The energy company’s power generation units also supported a 13-percent growth in consolidated revenues to P224.8 billion.

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