“The full-year effect of the COVID-19 pandemic impacted customer demand and business operations, even as domestic and international operations outside the East Zone Concession showed improved performance,” Manila Water said in a media release.
In its unaudited report for 2021, revenues dropped 4% to P20.3 billion from P21.1 billion in 2020, due to “lower billed volume across all segments in the East Zone Concession and in several domestic subsidiaries,” as well as lower customer consumption due to the pandemic. “This increase was partially offset by lower power and chemical costs in line with lower production during the period,” Manila Water added.
Manila Water said it is working on the Wawa Calawis project that will supply an additional 518 million liters per day , of which 80 mld is expected to be available by end-2022.
Source: News Formal (newsformal.com)