Tuesday 20 August
Jun 11, 2019 @ 18:00

PLDT on path to sustained growth, core income seen to hit over P26B


Telco giant PLDT Inc. sees core earnings growing to over P26 billion this year, powered by the strong growth in its wireless and data businesses.

Animal rights group slams PLDT as hotline down for a month

“I think 2019 will be better. I think core earnings will be better than P26 billion,” PLDT chairman and president Manuel V. Pangilinan told reporters following the company’s annual stockholders meeting today.

Unreliable connection: PLDT’s tech glitch causes delay in PSE trading

Last year, PLDT’s core earnings, excluding Voyager operations, rose 2 percent to P24 billion.

PLDT adds lines to Duterte hotline: But MVP claims Palace has few call center agents to take complaints

“The numbers are looking good, fueled mainly by the growth in the wireless side,” he said.

PLDT pays taxes regularly – MVP

The wireless business recovered from a string of revenue declines in the previous years. It ended 2018 with revenues of P62.5 billion, up 7% year on year. The Enterprise and Home segments also saw revenues rise by 10 percent to P38.4 billion and P36.4 billion, respectively.

The broadband and data segment posted the biggest gains as revenues surged 37% to P90.2 billion or 60 of the total.

The company’s consolidated service revenues grew 2 percent to P145.8 billion in 2018.

To sustain its robust growth, PLDT is embarking on yet another record high capex program of P78.4 billion, P20 billion higher than the previous year.

Please follow and like us:

Tags: ,

Related Stories
PLDT Inc. is migrating all its landline numbers in Metro Manila and some nearby provinces
Telco giant PLDT Inc. has deferred the rollout of its 5G telecommunications network as it
PLDT Inc. and its wireless subsidiary Smart Communications Inc. have consistently been rated as the
PayMaya, the country's leading digital payments company, has entered into a partnership with the University


Trending News

Copyright © 2019 Bilyonaryo - Latest news on the richest Filipinos and Family Business.