Alfredo Panlilio, Smart Communications president and chief executive officer, and PLDT chief revenue officer,said traffic increased by 25 percent during the enhanced community quarantine in Metro Manila and other areas. Given this, Pangilinan said service revenues and the telco’s core income might book figures that are higher than last year’s. Core income dipped by 5 percent to P6.87 billion from P7.2 billion in the same period in 2019. Revenues from its consumer wireless unit reached P20.2 billion and the enterprise group, P10.1 billion. PLDT shares surged by P54 or 4.74 percent to close at P1,194 apiece on Tuesday.

Source: Manila Times June 09, 2020 18:22 UTC