Manila Water 9-mo profit down 5% to P12B

MANILA, Pihlippines — Razon-led East Zone concessionaire Manila Water Co. saw its bottom line dip by 5 percent to P12 billion in the first nine months, weighed down by higher depreciation and interest expenses from new facilities. The firm said its consolidated revenues, however, climbed by 11 percent to P33.4 billion from P30.1 billion. The stronger