PLDT Inc. on Thursday reported telco core net income growing 10 percent last year despite the challenging economic environment.
The country’s largest telco said telco core profit, excluding the impact of asset sales and Voyager Innovations, reached ₱33.1 billion last year from P30.23 billion in 2021.
PLDT’s reported net income, however, dropped 60 percent to P10.48 billion last year from P26.36 billion in 2021.
“Our core business remains to be sound, and continues to show solid EBITDA numbers,” said Alfredo S. Panlilio, PLDT and Smart President and CEO.
“We have an excellent network, strong brands and attractive products. Wireless is simplifying its portfolio, Home continues to expand beyond connectivity, and Enterprise is pursuing its digital transformation initiatives,” he added.
The company’s consolidated service revenues increased to P205.24 billion from P193.25 billion in 2021.
“2022 demanded practically everything that we had. Despite the adversities, I remain convinced that PLDT will not only survive but thrive; our core business is strong; and our people endured, inspired by our singular mission of safeguarding and enhancing shareholder value,” Manuel V. Pangilinan, PLDT chairman said.
“As we approach PLDT’s 100th year, we forge ahead in pursuit of the Group’s North Star—enabling a digital life for every Filipino and improving lives,” he added.
