Globe Telecom, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 05, 2023 at 07:31 pm EST
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Globe Telecom, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was PHP 3,607.02 million compared to PHP 3,800.15 million a year ago. Revenue was PHP 1,080.28 million compared to PHP 3,319.75 million a year ago. Net income was PHP 4,965.7 million compared to PHP 6,805.7 million a year ago. Basic earnings per share from continuing operations was PHP 32.08 compared to PHP 49.87 a year ago. Diluted earnings per share from continuing operations was PHP 32 compared to PHP 49.64 a year ago.
For the nine months, sales was PHP 12,730.3 million compared to PHP 12,241.9 million a year ago. Revenue was PHP 8,578.29 million compared to PHP 15,434.64 million a year ago. Net income was PHP 19,292.75 million compared to PHP 26,457.24 million a year ago. Basic earnings per share from continuing operations was PHP 126.74 compared to PHP 190.98 a year ago. Diluted earnings per share from continuing operations was PHP 126.35 compared to PHP 190.04 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. 
