PLDT net income down 11% to P25.1B

MANILA, Philippines – Telco giant PLDT Inc., reported an 11-percent drop in its nine-month net income to P25.1 billion from P28.1 billion in the same period last year, mainly due to depreciation costs from network modernization efforts and retirement of legacy assets. But core profit during the period was steady at P25.8 billion, mainly due to its share in the income of fintech arm Maya and supported by growth in data and broadband services. READ: PLDT core income hits P17.6B in H1 Gross service revenues, meanwhile, grew 3 percent to P158.9 billion from January to September this year. Data and […]... Keep on reading: PLDT net income down 11% to P25.1B