MANILA (AFX-ASIA) – Manila Electric Company (Meralco) said it posted a net profit of 907 million pesos in 2003, returning to profitability from a restated net loss of 28.18 billion pesos the previous year. (US$1=56 pesos). Increased sales boosted its operating revenues to 132.02 billion pesos, up 12.1% over the previous year as sales volume…