Business Review

MANILA WATER’S NET INCOME STOOD AT P5.5 BILLION IN 2019, LOWER BY 16 PERCENT AGAINST THE PREVIOUS YEAR DRIVEN MAINLY BY THE IMPACT OF THE MWSS PENALTY, VOLUNTARY ONE-TIME BILL WAIVER PROGRAM AND ADDITIONAL EXPENSES RELATED TO THE WATER SHORTAGE, AS WELL AS THE POTENTIAL BUSINESS EXPOSURES RECOGNIZED BY THE COMPANY.

Amid the challenges faced during the year, the Manila Concession continued to work towards operating efficiency. The Manila Concession reconfigured its distribution network operations so it can provide reliable service to customers even with a significantly reduced raw water allocation.

The company’s performance was supported by the contribution of the domestic subsidiaries, with Manila Water Philippine Ventures growing by 131 percent. Main drivers of this performance were Estate Water, Laguna Water and Boracay Water.