Company Overview of Laguna AAA Water Corporation
Laguna AAAWater Corporation operates as a piped-water service provider in various cities and municipalities of the Province of Laguna. The company engages in the development, design, construction, operation, maintenance, and financing of the water facilities, as well as the sourcing, treatment, and distribution of potable water. It also provides used water services to industrial customers, as well as develops an integrated sewage and septage system. In addition, the company offers non-revenue water management and leak detection services; and other services to customers and companies, including water tankering services, water and used water testing services, technical assistance and consultan...
One Evotech, Lakeside Evozone
Nuvali Barangay Santo Domingo
Santa Rosa, 4026
Founded in 2001
Key Executives for Laguna AAA Water Corporation
Chief Executive Officer and President
Compensation as of Fiscal Year 2017.
Laguna AAA Water Corporation Key Developments
Laguna AAAWater Corporation Reports Unaudited Earnings Results for the Six Months Ended June 30, 2017
Aug 14 17
Laguna AAAWater Corporation reported unaudited earnings results for the six months ended June 30, 2017. For the period, the company reported revenue of PHP 635,787,000 against PHP 460,095,000 a year ago. EBITDA was PHP 312,450,000 against PHP 224,025,000 a year ago. Net income was PHP 148,363,000 against PHP 99,306,000 a year ago.
Laguna AAA Water Corporation Announces Unaudited Earnings and Operating Results for the First Quarter Ended March 31, 2017
May 15 17
Laguna AAA Water Corporation announced unaudited earnings and operating results for the first quarter ended March 31, 2017. For the quarter, the company reported revenues of PHP 296,931,000 compared to PHP 221,515,000 a year ago. EBITDA was PHP 139,591,000 compared to PHP 103,389,000 a year ago. Net income was PHP 54,021,000 compared to PHP 43,672,000 a year ago. The company spent PHP 227 million in capital expenditures in the first quarter of 2017 mostly for the expansion of water and used water networks, growing by 8% year-on-year. Revenues grew by 34% in the first quarter of 2017 as a result of the higher billed volume and 26% improvement in average effective tariff to PHP 23.48 per cubic meter. On the other hand, operating expenses grew by 33% resulting in an EBITDA growth of 35%.
Billed volume of Laguna Water grew by 22% to 11.1 mcm in the first quarter of 2017 brought about by additional service connections totaling more than 18,000 that raised billed volume in the base business to 6.2 mcm, growing by 14% year-on-year. The balance of 4.2 mcm came from the 187 industrial customers of Laguna Technopark Inc., growing by 24% the previous year, and additional 0.6 mcm from new businesses outside the original concession area. It, however, faced a setback in NRW as this increased to 17% at the end of March 2017 from 14% at the end of March 2016 due to the takeover of subdivisions.
Laguna AAAWater Corporation Announces Earnings and Production Results for the First Quarter Ended March 31, 2016
May 13 16
Laguna AAAWater Corporation announced earnings and production results for the first quarter ended March 31, 2016. For the quarter, the company reported revenues of PHP 221,515,000 compared to PHP 182,984,000 a year ago. EBITDA was PHP 103,389,000 compared to PHP 94,224,000 a year ago. Net income was PHP 43,672,000 compared to PHP 38,958,000 a year ago. Revenues grew by 21% in the first quarter of 2016 as a result of the higher billed volume, 3% improvement in average effective tariff to PHP 18.21 per cubic meter, and service connection fees and other income.
Billed volume of the company grew by 5% to 9.1 mcm in the first quarter of 2016 brought about by additional service connections totaling more than 19,000 that raised billed volume in the base business to 5.5 mcm, growing by 3% year-on-year. Number of water connections was 112,422 compared to 93,176 a year ago. Non-revenue water was 14% compared to 12% a year ago.
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