MANILA (AFX-ASIA) – Manila Electric Co said its net loss for the first quarter to March widened to 325 million pesos from 72.8 million a year earlier. (US$1=52 pesos). Meralco will begin refunding from June overcharges dating back to 1994 to its more than 3 million customers. It expects the refund to cost some 30.5…
PHILIPPINES: Meralco Q1 net loss 325 million pesos vs loss 72.8 million
Posted on May 26, 2003 by EnergyAsia