PLDT records PHP 18.5 billion profit in January-June period

PLDT, one of the country's major telco players, saw its earnings in the first half of 2023 increase 10 percent to PHP 19.5 billion.

File photo: PLDT logo

PLDT's net income rises in the first half of 2023

In a disclosure to the Philippine Stock Exchange, the company said its service revenues slightly went up by 1 percent to PHP 94.5 billion, with home and enterprise businesses leading the growth.

PLDT said data and broadband contributed 82 percent or PHP 77.5 billion of its consolidated service revenues.

Its Home's fiber-only service revenues climbed 11 percent to PHP 25.7 billion during the period, with the subscriber base rising to 3.1 million as of end-June.

PLDT's enterprise unit, meanwhile, booked PHP 23.2 billion in revenues, buoyed by the growth of its data center and cloud business.

Our vision at PLDT and Smart is anchored on customer-centricity–one that prioritizes customer experience and always aims for constant improvement. We strive to operate efficiently as we commit to power Filipinos' increasingly digital lifestyles, said Alfredo S. Panlilio, PLDT and Smart President and CEO.

The telco also noted "improving growth trends" for its individual wireless business, which posted revenues of PHP 40.2 billion in the period.

Panlilio said PLDT will remain "committed to evolving with our customers and delivering innovation to become a completely connected and future-ready Philippines."

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