WATER SHORTAGE. Residents with their respective pails wait in line for water from a fire truck. File photo by Ben Nabong/Rapplerdropped by 16% to P5.5 billion in 2019 from the P6.5 billion in 2018, mainly due to penalties incurred because of the water shortage and additional expenses to mitigate the supply problem's impact.
Manila Water also implemented a one-time bill waiver program to help alleviate the inconvenience of customers affected by the water shortage. While profits declined, operating revenues or money coming in from the company's main business grew by 11% to P21.95 billion from P19.82 billion in 2018.75% of revenues came from its main business of selling water, while 16% came from environmental and sewer charges. Other revenues came from supervision fees, connection fees, and septic sludge disposal, among others.
Source: News Formal (newsformal.com)
Profits Down? Water is supposed to be cheap.
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