West Zone concessionaire Maynilad Water Services, Inc. reported a 17.4% increase in second-quarter net income to P4.52 billion, aided by lower interest expenses and taxes, according to BusinessWorld.
The double-digit earnings growth was driven primarily by reduced financing costs and a lower tax burden during the April-to-June period, offsetting any operational headwinds. The improved bottom line reflects the company's continued financial discipline amid its capital expenditure program for water infrastructure upgrades.
Maynilad serves the West Zone of Metro Manila and parts of Cavite, making its quarterly results a key indicator of the region's utility sector health. The company remains focused on expanding service coverage and reducing non-revenue water, which are central to its regulatory commitments under the concession agreement.