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Manila Electric Company (Philippines)

Main Activities: Electric Power Transmission, Control, and Distribution
Full name: Manila Electric Company Profile Updated: March 11, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2022 Available in: English Download a sample report

Manila Electric Company (MER) ventures into the electric utility services. MER sources its electricity mainly from First Gas Power and National Power Corporation. The company's franchise area covers specific districts in Luzon. The bulk of MER's revenues come from the commercial sector, residential sector and industrial sector. Only a small portion comes from streetlighting. The company's subsidiaries would include Meralco Industrial Engineering Services Corporation (Miescor), which engages in engineering and construction; Corporate Information Solutions, Inc. (CIS), which provides IT services and solutions; Rockwell Land Corporation, Meralco Energy, Inc. (MEI), which offers loadside energy services; e-Meralco Ventures, Inc. (e-MVI), which is the information and communications technology vehicle of Meralco; and Meralco Financial Services Corporation (Finserve), which offers customer-based products. The company started in the year 1919 and has its office located in Pasig City.

Headquarters
5Th Floor, Lopez Building, Meralco Center, Ortigas Avenue
Makati; National Capital Region;

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Website: http://www.meralco.com.ph

Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
1919
Key Executives
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Chairman
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Chief Executive Officer
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Vice Chairman
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Director/Member of the Board
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Director/Member of the Board
Ownership Details
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26.37%
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18.75%
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12.5%
Subsidiaries
Esakay, Inc
100%
Lighthouse Overseas Insurance Company, Limited (United Kingdom)
100%
Meralco Powergen Corporation
100%
Company Performance
Financial values in the chart are available after Manila Electric Company report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency PHP. Absolute financial data is included in the purchased report.
Net sales revenue
6.46%
Total operating revenue
6.95%
Operating profit (EBIT)
43.92%
EBITDA
37.12%
Net Profit (Loss) for the Period
45.27%
Total assets
5.89%
Total equity
22.75%
Operating Profit Margin (ROS)
2.79%
Net Profit Margin
2.32%
Return on Equity (ROE)
3.4%
Debt to Equity Ratio
-6.56%
Quick Ratio
-0.05%
Cash Ratio
0.13%

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