PLDT’s profit in H1 2024 stalls as telco industry growth ‘remains challenging’

📆 13/08/2024 4:56 a. m.
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Telecommunications Companies,Business,Corporate

Telco tycoon Manny Pangilinan says growth in the industry 'remains challenging across the board'

This is AI generated summarization, which may have errors. For context, always refer to the full article.MANILA, Philippines ⁠⁠⁠⁠– Telecommunications giant PLDT saw no growth in its bottom line in the first half of 2024, although it managed to boost both its service revenues and earnings before interest, taxes, depreciation, and amortization by 3% to hit all-time semestral highs.

Here is the breakdown of PLDT’s revenue growth in H1 2024. Screenshot of presentation slide from PLDT press briefing. “We can probably hit our target in terms of mid single digit growth in our core income and EBITDA, barring unforeseen circumstances,” Pangilinan said in a press briefing on Tuesday.

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