PLDT Inc. said Thursday net income rose 5 percent in the first semester, boosted by home broadband and consumer wireless businesses.
The country’s largest telecom company said net profit amounted to P12.92 billion from January to June, higher than P12.28 billion in the same period last year.
Core income, which excludes the impact of asset sales and Voyager Innovations, climbed 10 percent year-on-year P15.2 billion in the first half, helped by lower tax rates.
“Our initiatives in the first half of the year reassert the group’s commitment to a digitally-empowered Philippines, providing world-class connectivity as a human right, positioning the country as a key player in the global arena, and actively embarking on sustainable development,” said PLDT Inc. and Smart Communications president and chief executive Alfredo Panlilio.
Revenues amounted to P95.62 billion in the first half, up 10 percent from P86.73 billion in the same period last year.