PLDT Inc. said that its gross service revenues grew by four percent, or P4.2 billion, to P103.4 billion in the first six months of this year.
Net of interconnect costs was up by three percent to P96.9 billion, also in the first half, with data and broadband, which reached P80.5 billion, contributing about 83 percent to the consolidated service revenues.
“Even as we continue to face challenges, among these geopolitical uncertainties, significant gravity in the telco space, and an increasingly competitive telco landscape, we remain determined to do our best to grow the business,” Manuel Pangilinan, PLDT and Smart chairman and chief executive officer, said in a statement Aug. 13.
Consolidated EBITDA grew by three percent year-on-year to P53.9 billion in the first six months of 2024.
Telco Core Income, excluding the impact of asset sales and losses from Maya Innovations Holdings, reached P18 billion, or up by three percent from the same period last year.
Reported income was stable at P18.4 billion in the first half of 2024, while consolidated net debt, as of end-June 2024, amounted to P252.7 billion, as per the first semester financial and operating results of the telco.
“With the all-time highs delivered in recent periods behind us, we turn to the future that we are tasked to build for PLDT with careful optimism,” Pangilinan said. “As we continue our pursuit of higher shareholder values, our focus on exceptional service to our customers remains intense. We continue to be confident that, as before, we will make it through with the perseverance, dedication, and innovation of our people.” ||
