MANILA, Philippines, 4th November 2014 –– Philippine Long Distance Telephone Company (“PLDT”) (PSE: TEL) (NYSE: PHI) today announced its unaudited financial and operating results for the first nine (9) months of 2014 with Consolidated Core Net Income, before exceptional items, amounting to P28.6 billion, 1% or P0.2 billion lower than the P28.8 billion recorded in the same period in 2013.

The decrease was due mainly to the rise in cash operating expenses, particularly rent and maintenance costs, an increase in product subsidies and a higher provision for income tax. Read more