Economy
Manila Water Posts Resilient Operations Amidst Financing Cost Pressures
Manila Water Co. (MWC) reported a 7.6% year-on-year decline in net income for the second quarter, primarily due to increased financing costs related to its Wawa project. Despite this, first-half net income grew 6.5% year-on-year, highlighting resilient underlying operations and future growth potential from new supply sources.
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