Consolidated revenues during the period, however, dropped by 6.8 percent to P64.712 billion from P69.466 billion. Meralco primarily attributed the decrease in gross revenues to the lower volumes distributed and overall lower generation and transmission pass-through charges. Meralco President and Chief Executive Officer Ray Espinosa reported that consolidated energy sales fell by 4 percent to 10,473 gigawatt hours (GWh) from 10,879 GWh. But the industrial segment gradually recovered which, according to Geluz, tempered the overall decline in energy sales. Reported earnings before interest, taxes, depreciation, and amortization, or Ebitda, climbed by 131 percent to P11.784 billion from P5.095 billion.

Source: Manila Times April 26, 2021 16:30 UTC