PLDT net income more than doubles

PLDT Inc. on Thursday reported a 2023 net income of P26.82 billion, up 154 percent from the previous year’s P10.74 billion and largely attributed to strong revenue growth from its business units coupled with reduced capital spending and asset writedowns. Unaudited consolidated financial results for 2023 also showed that telco had returned to the profit […]

T Kauer T Kauer
Mar 8, 2024 - 00:55
PLDT net income more than doubles

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PLDT Inc. on Thursday reported a 2023 net income of P26.82 billion, up 154 percent from the previous year’s P10.74 billion and largely attributed to strong revenue growth from its business units coupled with reduced capital spending and asset writedowns.

Unaudited consolidated financial results for 2023 also showed that telco had returned to the profit level last seen in 2021, when net income hit P26.7 billion.

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