MANILA (AFX-ASIA) – Manila Electric Co president Jesus Francisco said the company will likely report a net loss for 2002 due to flat revenue and losses arising from its inability to fully collect deferred purchased power adjustment (PPA) charges. “We’ll most likely post losses for 2002, but the exact amount is still being determined,” he…
PHILIPPINES: Meralco sees 2002 net loss on flat revenue, PPA losses
Posted on April 24, 2003 by EnergyAsia