PLDT 'on track' to meet 2021 core earnings target

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Telco giant PLDT is confident of hitting its earnings goal for 2021 as the group's home business continues to enjoy strong growth, while its wireless unit expects a boost from the easing of COVID restrictions.

"PLDT remains on track to reach full year telco core income guidance of ₱30 billion," it said in a disclosure Thursday.

Consolidated service revenues also went up 7% to ₱135.9 billion in the first nine months, lifted by its third-quarter topline amounting to ₱46 billion. The group's enterprise unit, meanwhile, generated ₱31.1 billion in revenues. PLDT chief finance officer Anabelle L. Chua said the group will shell out ₱5 billion to fortify its position in the data center market, targeting global tech giants.

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