Manila Water Reports a 9% Profit Gain on Higher Billing Volume

Manila Water Co. (MWC), the largest water supplier in the Philippines, said profit rose 9 percent to 4.29 billion pesos ($98.4 million) in the nine-month period through September on higher billing volume.

Revenue for the period rose 6 percent to 11.54 billion pesos from a year earlier, the company that provides half of Manila’s water supplies said today in a statement. The shares have fallen 21 percent this year in Manila compared with a 7 percent gain by the 20-member Bloomberg World Water Index

To contact the reporter on this story: Randall Hackley in London at rhackley@bloomberg.net

To contact the editor responsible for this story: Randall Hackley at rhackley@bloomberg.net

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