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Higher expenses drag PLDT’s first-quarter income May 7, 2021 | 12:12 am By Senior Reporter PLDT, Inc. reported on Thursday an attributable net income of P5.80 billion for the first three months of 2021, down 1.84% from  P5.91 billion in the same period a year ago, mainly due to higher expenses. “The first-quarter results look pretty good. We are on target in terms of our telco core income for the year of P29 billion to P30 billion,” PLDT Chairman, President and Chief Executive Officer Manuel V. Pangilinan said at an online press briefing. In a statement to the stock exchange, PLDT said its first-quarter telco core income, which excludes the impact of asset sales and Voyager Innovations, Inc., increased 9.02% to P7.50 billion from P6.89 billion in the same period in 2020.

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