Globe Telecom’s core net profit goes up by 13% in 2013
Globe Telecom sustained growth momentum in 2013 as core net profit rose 13% to P11.6 billion as strong performance of its mobile, broadband, and fixed line data businesses continued to drive revenue growth notwithstanding the onslaught of natural calamities in the last quarter of the year. The company’s consolidated service revenues for 2013 reached a fresh record high of P90.5 billion, up 9% from P82.7 billion last year, driven by the continued growth in the demand for data connectivity across the mobile, broadband and fixed line data businesses, which improved by 8%, 20% and 13%, respectively. The robust top-line results prove Globe’s sustained execution excellence of products and promotions that remain relevant to its subscribers, backed by its improved network performance, as Globe moves forward in its network and IT transformation programs. “We are happy and encouraged by what we have achieved in 2013, surpassing all our expectations. We have […]