web analytics

PLDT net income for 2016 is Php27.9b, down from Php35.2b in 2015




PLDT announced their 2016 fiscal year performance today, claiming a core net income of Php27.9 billion. This is 21% lower than their net income in 2015 (Php35.2 billion).


The company also posted a consolidated revenue of Php147.6 billion which is down from the Php171.1 billion they made in 2015.

PLDT has been rapidly pushing for its digital shift since last year. PLDT Chief Technology Adviser Joachim Horn says that “they are aiming for Smart LTE coverage to about 70% of the population this year and up to 95% of the population by end of 2018”.

Last year, PLDT also posted a 35% drop in net income (see story here) and lost about 5 million customers to rival Globe Telecom.



Abe is the founder and Editor-in-Chief of YugaTech. You Can follow him on Twitter @abeolandres.

You may also like...

7 Responses

  1. kulangot says:

    buti naman, lousy internet provider eh, they deserve that

  2. Kebbot says:

    I cant wait for next year net income…. Lol

  3. Imbiyerna says:

    HAHAHAHAHAHAHA! Ayan kasi puro mayayaman sa exclusive villages at luxury condos lang ang target nila sa kanilang pinagmamalaking Fibr service, eh karamihan ng mga users nila ay mga masa na bulok ang mga linya. Eh kung baguhin kaya ninyo yung infrastructure sa aming mga mahihirap, hindi lang sa mga rich?

  4. K L says:

    nice sana mas bumaba pa! sana magsarado na rin sila palitan ng mas matinong ISP dahil wala parin fiber man lang sa amin nasa NCR lang kami mukang pera kasi walang corporate social responsibility, mission nila more subscribers then lokohin sa mga add ons telpads watch camera..

  5. el gato says:

    i hope pldt’s unlimited internet plan, 20mbps, 1800php+, will be successful… sana gawin din ito ng globe sa 1599php LTE plan.

  6. anon says:

    umiiwas lang yan sa TAX!!!
    paanung bababa income nyan? di naman sila gumagastos sa infra.
    baka magaling lang accountant ng mga yan..
    #theaccountant

  7. NotASheep says:

    Its probrably because they couldnt sell their super outdated tablets to their smart and angry customers.

Leave a Reply

Your email address will not be published. Required fields are marked *

Open

Close