Manila Water net income for the first half of 2020 was relatively flat, increasing 1 percent from the same?period last year to ?2.48 billion. The lower contribution from domestic subsidiaries, coupled with?recognition of additional estimates for various exposures across the group, weighed down on earnings.
Manila Water Foundation believes in the crucial role of proper sanitation and hygiene? in combating the spread of the coronavirus that caused the COVID-19 pandemic. Through its Agapay Sanitasyon program, MWF partnered with like-minded organizations bring hygiene and sanitation products to? households in Barangay Labangon, Cebu City and health workers in Metro Manila.
While the community quarantine became the "New Normal," many Filipinos still lack access to water, sanitation, and hygiene (WASH).? Now more than ever, we need to ensure that more communities apply WASH practices in communities, homes, schools, and health care facilities to help prevent the spread of the virus. Manila Water Foundation (MWF) has the expertise and the experience to bring WASH interventions to where it is needed the most and to help as many Filipinos as possible fight the pandemic.
Manila Water core net income fell 12 percent in the first quarter of the year with lower contribution coming from its domestic subsidiaries. On the other hand, operations in its East Zone concession remained resilient as performance improved on the back of continued supply and network management initiatives to ensure service availability. Considering one-offs driven by the raw water supply shortage in 2019, consolidated net income for the period increased 4 percent to ?1.3 billion.?
In response to customers’ requests for easier and faster ways to find out their current water bills, Manila Water has launched its bill inquiry program utilizing the short messaging system (SMS) platform or text messaging to provide billing information to customers.