Manila Electric Company (MAEOY)

USD 16.35

(-24.93%)

Market Cap (In USD)

18.42 Billion

Revenue (In USD)

443.61 Billion

Net Income (In USD)

38.02 Billion

Avg. Volume

227.00

Currency
USD
Country
Utilities
Open
-
Prev. Close
-
Day Range
-
Year Range
11.98-15.292
PE
11.5957
EPS
1.41
Beta Value
0.219
ISIN
US5632457033
CUSIP
-
CIK
-
Shares
1127090000.0
Earnings Annoncement
-

Company Profile

Sector
Utilities
Industry
Regulated Electric
CEO
Mr. Manuel Velez Pangilinan
Employee Count
-
Website
https://www.meralco.com.ph
Ipo Date
2013-06-10
Details
Manila Electric Company holds a congressional franchise to construct, operate, and maintain an electric distribution system in the Philippines. The company operates through two segments, Power and Other Services. It offers power to approximately 7.3 million industrial, commercial, and residential customers in 36 cities and 75 municipalities, including Metro Manila, and the provinces of Rizal, Cavite, and Bulacan, as well as parts of the provinces of Pampanga, Batangas, Laguna, and Quezon; distributes power to customers in Clark Special Economic Zone; and develops, finances, constructs, and operates solar-powered generation facilities, as well as owns coal and diesel-fired, and liquefied natural gas power plants. The company also provides electromechanical engineering, construction, consulting, and related manpower services; rail-related operations and maintenance services; insurance and re-insurance services; e-business development; power distribution management; and electric vehicle and charging infrastructure solutions. In addition, it offers engineering, procurement, and construction services; testing and commissioning services; and building and facilities management services. Further, the company provides e-transaction, outsourced payment collection, outsourced tellering, and other administrative services; energy efficiency and urban services, as well as engages in the energy sourcing and trading, and wholesale contracting and aggregating of electricity. Manila Electric Company was founded in 1903 and is based in Pasig, the Philippines.