Globe Telecom Inc. said over the weekend its net income grew 3 percent in the first quarter of 2025, fueled by higher equity earnings from Mynt, the operator of GCash.
The telecom arm of the Ayala Group said net profit amounted to P7 billion in the first quarter, up from P6.8 billion a year ago.
“The growth was mainly fueled by higher equity earnings from affiliates, particularly Mynt, and a P2.6-billion...
Globe Telecom Inc. said over the weekend its net income grew 3 percent in the first quarter of 2025, fueled by higher equity earnings from Mynt, the operator of GCash.
The telecom arm of the Ayala Group said net profit amounted to P7 billion in the first quarter, up from P6.8 billion a year ago.
“The growth was mainly fueled by higher equity earnings from affiliates, particularly Mynt, and a P2.6-billion...
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