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4-Traders Homepage  >  Equities  >  PHILIPPINE STOCK EXCHANGE, INC.  >  Manila Electric Company    MER   PHY5764J1483

MANILA ELECTRIC COMPANY (MER)
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Manila Electric : Meralco Rates up in November Due to Higher Generation Charges

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11/10/2017 | 01:45pm CEST

Customers of Manila Electric Co. (Meralco) will have to pay more for electricity this month, following an increase in generation charges.

In an emailed statement on Thursday, Meralco said it will increase rates by P0.3436 per kilowatt-hour (kWh), bringing the overall rate to P9.2836

The rate increase this month amounts to a PhP68.72 increase in the total bill of a typical residential household consuming 200kWh, the company said.

According to Meralco, the November rate increase is mainly due to the P0.1925 per kWh increase in generation charge.

(c) 2017 ITP Business Publishing Ltd. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials ( PHP)
Sales 2018 297 B
EBIT 2018 31 477 M
Net income 2018 20 803 M
Finance 2018 14 774 M
Yield 2018 4,49%
P/E ratio 2018 19,63
P/E ratio 2019 18,60
EV / Sales 2018 1,31x
EV / Sales 2019 1,27x
Capitalization 404 B
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 13
Average target price 334  PHP
Spread / Average Target -6,9%
EPS Revisions
Managers
NameTitle
Oscar S. Reyes President, CEO & Executive Director
Manuel Velez Pangilinan Chairman
Betty C. Siy-Yap Chief Finance Officer & Senior Vice President
Ray Celis Espinosa Non-Executive Director & General Counsel
Manuel M. Lopez Non-Executive Director
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