Sunday 20 January
Apr 12, 2016 @ 7:50

Manila Water allots P20B for 2016-2017

 

AYALA-LED Manila Water Co. is earmarking around P20 billion for capital expenditures this year and next, as the East Zone concessionaire aims to double last year?s nearly P6 billion profit by 2020.

?The capex for this year and next year — 2016 and 2017, which will be the last two years of the current rate rebasing period — is probably in the order of about P20 billion,? Gerardo C. Ablaza, Jr., president and chief executive officer of the listed water concessionaire, said in a press briefing on Monday.

?As to how they will be phased between this year and next year?we?re still finalizing our estimates,? he added.

Please follow and like us:

Tags: , , ,

Related Stories
The oil refining subsidiary of San Miguel Corp. obtained the Securities and Exchange Commission?s approval
Conglomerate San Miguel Corp. Is issuing P10 billion worth of two-year fixed-rate notes.
The Department of Transportation (DOTr) is eyeing to bring back Sumitomo Corp. of Japan to
The properties to be sold are two lots, one of which measures 672,645 square meters


Read full Article here »

Trending News

Recommended on sister sites

Copyright © 2019 Bilyonaryo - Latest news on the richest Filipinos and Family Business.