MANILA, Philippines -- JP Morgan Securities Ltd. has cut its 2007 net profit forecast for power distributor Manila Electric Co. (Meralco) by 17.4 percent to P5 billion on the likely delay in a tariff hike adjustment.
MANILA, Philippines -- JP Morgan Securities Ltd. has cut its 2007 net profit forecast for power distributor Manila Electric Co. (Meralco) by 17.4 percent to P5 billion on the likely delay in a tariff hike adjustment.
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