Globe Telecom, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2020
May 04, 2020 at 07:45 pm EDT
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Globe Telecom, Inc. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was PHP 4,309.378 million compared to PHP 4,633.028 million a year ago. Net income was PHP 6,581.195 million compared to PHP 6,732.581 million a year ago. Basic earnings per share was PHP 48.34 compared to PHP 49.54 a year ago. Diluted earnings per share was PHP 48.08 compared to PHP 49.33 a year ago.
Globe Telecom, Inc. is a Philippines digital platform company with interests in telecommunications, financial technology, digital marketing solutions, venture capital funding for startups, entertainment, and virtual healthcare. The Companyâs segments include Mobile Communications Services and Wireline Communications Services. The Mobile Communications Services segment provides digital cellular telecommunications services, which includes mobile voice, mobile SMS, and mobile data. The Company offers its mobile communications services to consumers, corporate and small and medium enterprise (SME) clients through a range of brands, including globe postpaid, globe prepaid and touch mobile. The Wireline Communications Services segment provides fixed line voice, corporate data, and home broad band services. It offers a range of fixed line communications services, wired and wireless Broadband access, and end-to-end connectivity solutions customized for consumers, SME, and businesses.
GLOBE TELECOM, INC. 
