May 07, 2013

PLDT core income up 4% in Q1

PLDT’s core income amounted to P9.6 B from January to March this year or P400 M higher than the P9.2 B booked in the same period last year. PLDT’s reported income fell 8% to P9.2 B in the first quarter of the year from P10 B in the same quarter last year after the company booked a P900 M reduction in its net foreign exchange and derivative gains due to a stronger peso.

Consolidated service revenues for the first three months of 2013 was stable at P40 B. Non-short messaging system (SMS) data revenues jumped 10% to P8.2 B and accounted for 20% of the total consolidated revenues, while SMS revenues that cornered 60% remained stable at P24.2 B. Revenues from national long distance, international long distance and cellular international voice fell 9% to P6.6 B accounting for the remaining 17% of total revenues. - WealthSec