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PLDT revenues up 8% to P45 B, earnings flat at P6 B in quarter – Manila Bulletin


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. ....

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