PLDT net earnings rise 39% to P6.9 billion - News Summed Up

PLDT net earnings rise 39% to P6.9 billion


MANILA, Philippines — It was a good start for PLDT Inc. this year as it saw net earnings rise by 39 percent in the first quarter from a year ago amid higher revenues and stabilizing wireless business. For the first quarter, PLDT saw its net income grow to P6.9 billion this year from P5 billion in the same period last year. The enterprise business generated P9.2 billion worth of revenue in the first quarter, seven percent higher than the P8.6 billion a year ago. In particular, he said the upswing in the individual wireless business is encouraging. While the first quarter results signal a good start for the company, he said there is still room for improvement.


Source: Philippine Star May 10, 2018 15:45 UTC



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