PLDT Posts P9.03-B Q1 Income, Down 8% Amid Higher Expenses - BusinessWorld Online

PLDT posts P9.03-B Q1 income, down 8% amid higher expenses - BusinessWorld Online

By Ashley Erika O. Jose, Reporter LISTED PLDT Inc.’s attributable net income fell by 8.04% to P9.03 billion for the first quarter (Q1), as higher expenses outpaced modest revenue growth. Total revenues rose by 1.95% to P55.28 billion for the January-to-March period from P54.22 billion a year earlier. Service revenues increased by 2.34% to P53.42 billion from P52.2 billion, accounting for the bulk of the topline. Non-service revenues dropped by 8…

PLDT profits stumble in Q1 as market slumps over uncertainties

Pangilinan-led PLDT Inc. reported that its income fell by eight percent in the first quarter of the year as the telecommunications giant faces a market slump driven by global economic uncertainties.In a disclosure to the Philippine Stock Exchange (PSE), PLDT said its overall core income declined to ₱9.03 billion by the end of March, down from ₱9.82 billion in the first three months of 2024.Its telco core income, which excludes asset sales and at…

PLDT Q1 profit down 8% as growth in expenses outpace revenues

MANILA, Philippines — Telecom giant PLDT Inc. saw its net income drop by 8 percent to P9.03 billion in the first quarter on higher expenses. In a disclosure on Thursday, the telco giant reported that total revenues had risen by 2 percent to P55.28 billion for the period. Total expenses, however, increased by 5 percent

PLDT: Q1 Earnings Snapshot - The Morning Sun

MAKATI, Philippines (AP) — MAKATI, Philippines (AP) — Philippine Long Distance Telephone Co. (PHI) on Thursday reported profit of $155.7 million in its first quarter. On a per-share basis, the Makati, Philippines-based company said it had net income of 72 cents. Earnings, adjusted for non-recurring gains, were 71 cents per share. The telecommunications company posted revenue of $953.9 million in the period. _____ This story was generated by Auto…

#ICYMI: PLDT records over 2,400 cable theft, vandalism cases

Industry giant PLDT is strengthening its collaboration with local authorities to arrest individuals involved in cable theft and vandalism.File photo: PLDT logoCable thieves nabbedIn a statement on Wednesday, the company said its coordination with the Philippine National Police and barangay officials has led to the arrest of 2,487 theft suspects over the last three years, including almost 1,000 arrests in 2024.Butch Jimenez, chief operating offic…

PLDT sees slight revenue growth in Q1 2025, with Maya turning a profit

PLDT Inc. reported modest growth in the first quarter of 2025, with Maya, its fintech arm, posting its first quarterly profit, helping offset lower core income in a challenging market. Gross service revenues grew by 2% to ₱53.4 billion, while consolidated service revenues, which exclude interconnect costs, increased by 1% to ₱49 billion. Maya contributed […] The post PLDT sees slight revenue growth in Q1 2025, with Maya turning a profit appeared…