Manila Water Company Inc., a unit of Ayala Corp., said Tuesday water service connections in its service area has reached over one million.
Manila Water corporate strategic affairs group head Jeric Sevilla Jr. said the company now manages 1,001,076 water service connections as of the third quarter of 2016.
It said 24,755 new water service connections in the first three quarters of the year were installed, consisting of 24,101 domestic and 654 commercial and industrial connections.
Sevilla said Manila Water in September installed 2,873 new connections, including 2,813 residential customers and 60 commercial and industrial customers.
Manila Water expects additional water service connections both for residential and commercial and or industrial customers in the coming years, especially in the towns of Rizal province where most of the expansion programs are concentrated.
“The company has been steadfast in its commitment to ensure access to piped water supply in its concession area,” Sevilla said.
8Manila Water serves more than 6.3 million customers in the eastern portion of Metro Manila that covers 23 cities and municipalities including Makati, Marikina, Pateros, Taguig, San Juan, Mandaluyong, parts of Quezon City and Manila and the province of Rizal.
Manila Water earlier said net income in the first nine months of the 2016 rose 6 percent to P4.9 billion from P4.6 billion year-on-year on higher billed volume.
The East zone concessionaire said revenues increased 5 percent to P13.3 billion from P12.7 billion.
Earnings before interest, taxes, depreciation, and amortization grew 5 percent to P9.2 billion from P 8.8 billion in 2015.
Manila Water said total billed volume increased 4 percent to 538.2 million cubic meters from 515.4 cubic meters.
