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PLDT earnings up 5% to P13 B from P90-B revenues

Published August 5, 2021, 3:40 PM Driven by the growth of its data/broadband business, PLDT Inc. netted ₱12.9 billion earnings, up 5% on ₱89.9 billion revenues, up 8.5%, in the first half of this year. The telco’s core income ( excluding the impact of asset sales and Voyager Innovations) climbed 10% year-on-year to ₱15.2 billion due to lower tax rates. Consolidated EBITDA hit an all-time high, of 8% year-on-year to ₱46.6 billion, excluding MRP (Manpower Reduction Program) expenses, driven by higher service revenues while EBITDA margin was at 51%. “Though we are seeing the economic impact of the pandemic, we still expect overall revenue growth for the year,” says Chairman Manuel V. Pangilinan.

Alfredos panlilioManuelv pangilinanManpower reduction programSmart communicationsVoyager innovationsChairman manuelSmart communications presidentNet debtGross debtConsumer wirelessஆல்ஃபிரடோஸ் பன்லிலிோபுத்திசாலி தகவல்தொடர்புகள்வோயேஜர் புதுமைகள்தலைவர் மானுவல்புத்திசாலி தகவல்தொடர்புகள் ப்ரெஸிடெஂட்நிகர கடன்

MVP-led firm PXP Energy ready to drill at Recto Bank

Published July 29, 2021, 1:54 PM Pangilinan-led PXP Energy Corporation is now ready to advance on its drilling plan for two exploratory wells at its awarded oil and gas block at the Recto Bank, a petroleum basin under Service Contract (SC) 72 that is part of the diplomatically-strained territory in the West Philippine Sea. PXP Energy Chairman Manuel V. Pangilinan indicated that the company “is ready to go in terms of (drilling) exploratory wells – two wells – and further surveys of the concession.” PXP Energy Chairman Manuel V. Pangilinan He nevertheless stated that there is no agreement sealed with China National Offshore Oil Corporation (CNOOC) or with the Chinese government yet on propounded joint exploration activity, therefore, that is a major geopolitical risk that has been flustering the energy firm when it comes to advancing its work program in that Northwest Palawan petroleum block.

Recto bankManuelv pangilinanDepartment of energyArmed forces of the philippinesEnergy corporationChina national offshore oil corporationService contractWest philippineChairman manuelNorthwest palawanWestern commandArmed forcesWest philippine seaCount geophysicsOilfield production consultantsதுறை ஆஃப் ஆற்றல்

New plant boosts Meralco profit - BusinessWorld

New plant boosts Meralco profit - BusinessWorld
bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.

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Meralco core income up 8% to P11 4-B in H1 – Manila Bulletin

Meralco core income up 8% to P11 4-B in H1 – Manila Bulletin
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President Nez joins First Lady Biden and Second Gentleman Emhoff to encourage more people to get vaccinated for COVID-19

President Nez joins First Lady Biden and Second Gentleman Emhoff to encourage more people to get vaccinated for COVID-19
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