In a disclosure on Tuesday, the Ayala-led telecommunications giant said its net income declined to P11.5 billion from P12.04 billion in the same period last year, while consolidated service revenues dropped to P72.42 billion from P72.87 billion. Only revenues from its Globe at Home broadband business grew, jumping by 19 percent to P12.51 billion in the six months ending June from P10.55 billion. Revenues from its mobile segment reached P51.83 billion, 5 percent lower than P54.39 billion a year earlier. Earnings before interest, taxes, depreciation and amortization stood at P38.38 billion, lower than P38.58 billion a year ago. Mobile data and digital solutions will also increase traction with more customers adopting a digital lifestyle in the new normal,” he added.

Source: Manila Times August 04, 2020 17:48 UTC