Globe Telecom, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 04, 2020 at 11:34 am EST
Share
Globe Telecom, Inc. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was PHP 4,097.424 million compared to PHP 4,160.650 million a year ago. Net income was PHP 4,386.263 million compared to PHP 5,634.860 million a year ago. Basic earnings per share from continuing operations was PHP 31.86 compared to PHP 41.25 a year ago. Diluted earnings per share from continuing operations was PHP 31.77 compared to PHP 41.14 a year ago. For the nine months, sales was PHP 10,488.773 million compared to PHP 12,802.955 million a year ago. Net income was PHP 15,870.077 million compared to PHP 17,683.046 million a year ago. Basic earnings per share from continuing operations was PHP 115.93 compared to PHP 129.61 a year ago. Diluted earnings per share from continuing operations was PHP 115.53 compared to PHP 128.97 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. 
