PLDT profit jumps on revenue growth
Philippines-based PLDT posted strong revenue growth across all its business units in Q3, with its profit nearly doubling as it took measures to reduce administration expenses. Net profit jumped 96 per cent over Q3 2019 to PHP7. 5 billion ($154.
Axiata forecasts full year profit drop
Axiata Group predicted full year revenue and profitability would decline due to continued economic and financial headwinds caused by Covid-19 (coronavirus)-related movement restrictions and consumptions shifts, as it revealed Q2 numbers.
PLDT trims capex, growth targets on Covid-19 concerns
Philippines-based PLDT forecast revenue growth to slow in the current quarter after booking double-digit mobile gains in Q1, and trimmed an aggressive capex budget due to Covid-19 (coronavirus)-related restrictions slowing network activities.
Axiata profit rebounds on group-wide growth
Axiata Group returned to profit in the final quarter of 2019, with its two largest mobile businesses in Indonesia and Malaysia leading a recovery across all operating units. The Malaysia-headquartered company recorded a net profit of MYR404 million ($96.
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