by PLDT Media Services | Mar 06, 2012

MANILA, Philippines, 6th March 2012 –– Philippine Long Distance Telephone Company
today announced its audited financial and operating results for 2011 with consolidated Core Net Income declining to P39.0 billion, or 7%, from the P42.0 billion recorded in 2011. Reported Net Income for 2011, after exceptional items including significant provisioning, declined 21% to P31.7 billion, from P40.2 billion in 2010. These results reflect the consolidation of the operating performance of Digital Telecommunications Philippines, Inc. (“Digitel”) from its acquisition which closed on 26th October 2011. Read more