by PLDT Media Services | Nov 03, 2011

MANILA, Philippines, 3rd November 2011 –– Philippine Long Distance Telephone Company today announced its unaudited financial and operating results for the first nine months of 2011 with consolidated Reported Net Income declining to P30.6 billion, or 4%, from the P32.0 billion recorded in the same period last year. Core Net Income for the first nine months of 2011, net of exceptional items, declined 3% to P30.6 billion, from P31.4 billion in 2010, or partly because of a stronger peso. Had the peso remained stable, Core Net Income would have been higher by P700 million, or P31.3 billion, substantially similar with that of last year. Read more