Manila Electric Co (OTCPK:MAEOY)
$ 12.88 0 (0%) Market Cap: 7.26 Bil Enterprise Value: 8.20 Bil PE Ratio: 12.50 PB Ratio: 4.08 GF Score: 85/100
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Full Year 2019 Manila Electric Co Earnings Call Transcript

Feb 24, 2020 / 07:00AM GMT
Release Date Price: $10.8
Unidentified Company Representative

(technical difficulty)

A briefing on the 2019 full year financial and operating results. This will be the order of presentation: the financial results by our CFO, Ms. Betty Siy-Yap; Operations by President and CEO, Mr. Ray C. Espinosa; joined by our Head for Networks, Mr. Ron Aperocho; our Head for Customer Retail Services and Corporate Communications, Mr. Victor Genuino; and a report on our sustainability initiatives by Mr. Raymond Ravelo; and a report by Meralco PowerGen from SVP and President and CEO of MGen, Mr. Rogelio Singson.

Please, Ms. Siy-Yap?

Betty Cheng Siy;Yap
Manila Electric Company - CFO, Chief Risk Officer & Senior VP

Good afternoon, ladies and gentlemen. I'll be presenting the financial highlights for the full year ended December 31, 2019. Our gross revenues grew to PHP 318.3 billion, 5% more than the PHP 304.5 billion in 2018, as a result of higher energy sales volume and higher pass-through generation charges brought about by the increased fuel prices, a weaker peso and

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