MANILA: Philippine Long Distance Telephone Co, the country's top telecoms firm, said yesterday that though its quarterly profit fell 15.5% it still beat market estimates, partly due to huge one-time gains a year earlier.
PLDT, one-quarter owned by First Pacific Co Ltd, also raised its 2005 core earnings target to 30 billion pesos (US$548mil), the second rise in its forecast this year.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!