August 07, 2013

PLDT clears P19.7 B in H1

Philippine Long Distance Telephone Co. (PLDT) reported yesterday a 2% increase in its first half net income to P19.7 B.

The company attributed the increase to the P1 B expansion in core net income, the P2 B gain from the sale of its business process outsourcing (BPO) arm SPI Global Holdings Inc. as well as the P1.8 B gain from higher foreign exchange and derivative net losses.

Consolidated service revenues went up by 2% to P75.7  B. The company is sticking to its core net income target of P38.3 B this year. - WealthSec