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Published May 6, 2021, 4:12 PM PLDT Inc. (PLDT) hauled in P44.8 billion revenues, up 8%, in the first quarter of 2021, led by data/broadband, which grew 15%, to P33.9 billion, though net earnings dipped 2% to P5.8 billion. Nevertheless, the telco’s core income (excluding the impact of asset sales and Voyager Innovations) climbed 9% to P7.5 billion and Consolidated EBITDA hit an all-time high, growing 7% year-on-year to P23.3 billion, excluding MRP (Manpower Reduction Program) expenses, driven by higher service revenues. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization)  margin was at 51% in the first three months of the year. Despite the two-week reimposition of Enhanced Community Quarantine (ECQ) in the National Capital Region Plus (NCR+) in this period, it was business as usual  for PLDT and Smart Communications Inc.

Al panlilioManuelv pangilinanManpower reduction programSmart communications incNational capital region plusNational capital regionCommunity quarantinePldt incVoyager innovationsEarnings before interestEnhanced community quarantineSmart communicationsChief executiveNet debtGross debtConsumer wireless