PLDT Inc. reported a 10 percent growth in net income to ₱18.5 billion in the first half of 2023, driven by growth in its Home and Enterprise segments plus improved trends in its Individual Mobile business.
The firm hauled in ₱94.5 billion Service Revenues, up 1 percent for the first half of 2023 Its data and broadband business grew by 4 percent to ₱77.5 billion, contributing 82 percent of consolidated service revenues.
Consolidated EBITDA grew 3 percent year-on-year to ₱52.1 billion in the first six months, due to higher revenues and lower opex. EBITDA margin was at 53 percent for the period.This Thursday, August 3, in line with PLDT’s dividend policy of paying 60 percent of telco core earnings, its Board of Directors declared an interim dividend of ₱49 per share to shareholders on record as of August 17, 2023, to be paid out on September 1, 2023.
Only 15 percent of Gross Debt is denominated in U. S. dollars and 5 percent is unhedged. PLDT credit ratings from Moody’s and S&P Global remained at investment grade. As of end-June 2023, PLDT’s total number of fiber ports rose to 6.1 million covering around 18,000 barangays nationwide.The B2B arm of the PLDT Group increased revenues by 2 percent, or ₱0.6 billion, to reach ₱23.2 billion for the first half of 2023, primarily driven by the 13 percent growth in its ICT business, consisting of Data Center and Cloud Business.
PLDT’s Individual Wireless segment posted revenues of ₱40.2 billion in the first half of 2023, as mobile data revenues grew by 4 percent to ₱34.5 billion for the period, driven by a 15 percent increase in data traffic to 2,389 Petabytes.
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