Manila Water Rises to Record Ahead of Release of 2012 Earnings

Manila Water Co., which provides water to half of the Philippine capital, rose to the highest since the stock begin trading almost eight years ahead of the release of 2012 earnings.

Manila Water is scheduled to hold an analyst briefing tomorrow to discuss the results. The company is expected to report a 4.93 billion-peso ($121 million) profit in 2012, according to seven analysts’ forecasts compiled by Bloomberg. Manila Water had a 4.27 billion-peso profit in 2011.

The shares closed up 4.2 percent today to a record 36.30 pesos, raising Manila Water gains the past year to 68 percent.

To contact the reporter on this story: Ian Sayson in Manila at

To contact the editor responsible for this story: Randall Hackley at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.