logo
  • National

    National

    Groups urge energy body to cancel pending PSAs
    • 2/15/2019 5:33:58 PM
    • 224

    Groups urge energy body to cancel pending PSAs

    Hunter pays $110,000 to kill, pose with rare mountain goat in Pakistan
    • 2/14/2019 2:29:13 PM
    • 22

    Hunter pays $110,000 to kill, pose with rare mountain goat in Pakistan

    Phoenix-CNOOC venture eyes PNOC as partner in natural gas plan in Batangas
    • 2/15/2019 5:31:06 AM
    • 16

    Phoenix-CNOOC venture eyes PNOC as partner in natural gas plan in Batangas

    Rappler to study NBI's 'security issues' in Ressa's arrest — lawyer
    • 2/14/2019 8:33:06 PM
    • 15

    Rappler to study NBI's 'security issues' in Ressa's arrest — lawyer

  • World

    World

    Asian shares waver as China, US begin trade negotiations
    • 2/14/2019 5:31:40 PM
    • 4

    Asian shares waver as China, US begin trade negotiations

    A world without The Beatles teased in 'Yesterday' trailer
    • 2/14/2019 8:34:42 PM
    • 2

    A world without The Beatles teased in 'Yesterday' trailer

    World stocks slip with few leads from US-China talks
    • 2/15/2019 8:37:21 PM
    • 2

    World stocks slip with few leads from US-China talks

    Casey Affleck's new film explores fatherhood in world without women
    • 2/16/2019 2:37:27 AM
    • 2

    Casey Affleck's new film explores fatherhood in world without women

  • Business

    Business

    Insurance Commission allows insurers to invest in infrastructure projects
    • 2/15/2019 12:36:20 AM
    • 42

    Insurance Commission allows insurers to invest in infrastructure projects

    Jollibee nets 17% more in 2018, doubles 2019 capex
    • 2/15/2019 12:36:31 AM
    • 18

    Jollibee nets 17% more in 2018, doubles 2019 capex

    Dennis Uy-led PH Resorts Group Inc. readies follow-on offering at lower price
    • 2/16/2019 12:32:25 AM
    • 7

    Dennis Uy-led PH Resorts Group Inc. readies follow-on offering at lower price

    PNB extends P11.5-billion loan to Bloomberry
    • 2/16/2019 12:32:14 AM
    • 6

    PNB extends P11.5-billion loan to Bloomberry

  • Sport

    Sport

    Jolo virtual ch Gabasa takes charge
    • 2/14/2019 2:30:35 PM
    • 6

    Jolo virtual ch Gabasa takes charge

    Rondina, Pons opt for beach volleyball in SEAG
    • 2/14/2019 11:33:08 AM
    • 5

    Rondina, Pons opt for beach volleyball in SEAG

    David Thompson, Candace Parker among NBA dunk contest judges
    • 2/14/2019 3:37:13 PM
    • 5

    David Thompson, Candace Parker among NBA dunk contest judges

    Cignal-Ateneo routs Go for Gold-CSB in PBA D-League opener
    • 2/14/2019 5:34:54 PM
    • 5

    Cignal-Ateneo routs Go for Gold-CSB in PBA D-League opener

  • Entertainment

    Entertainment

    Ronnie Ricketts returns in action film 'Exit Point'
    • 2/15/2019 12:37:48 AM
    • 6

    Ronnie Ricketts returns in action film 'Exit Point'

  • Opinion

    Opinion

    A tradition of violence
    • 2/15/2019 12:30:57 AM
    • 2

    A tradition of violence

    Snakes and crocodiles
    • 2/16/2019 12:36:30 AM
    • 2

    Snakes and crocodiles

  • Lifestyle

    Lifestyle

    State-run app allowing Saudi men to track women slammed by critics
    • 2/14/2019 2:29:34 PM
    • 54

    State-run app allowing Saudi men to track women slammed by critics

    Duterte threatens to slap ex-senator for spreading rumors on his health
    • 2/14/2019 11:31:26 PM
    • 4

    Duterte threatens to slap ex-senator for spreading rumors on his health

    No bread, no life
    • 2/14/2019 8:27:56 AM
    • 3

    No bread, no life

    SWS: 51% of Filipinos are happy with their love life
    • 2/14/2019 5:31:58 AM
    • 2

    SWS: 51% of Filipinos are happy with their love life

  • Video

    Video

    Kartik Aryan wants to HUG Sara Ali Khan | Valentines Week
    • 2/14/2019 6:16:12 AM
    • 8

    Kartik Aryan wants to HUG Sara Ali Khan | Valentines Week

    Kapuso Mo, Jessica Soho: Manananggal sa Pangasinan?
    • 2/14/2019 1:00:42 PM
    • 8

    Kapuso Mo, Jessica Soho: Manananggal sa Pangasinan?

    Switch It Down Dance Challenge | Nhikzy Calma x Daddy Yow x Mommy Yow #FamilyGoals
    • 2/14/2019 9:39:18 PM
    • 8

    Switch It Down Dance Challenge | Nhikzy Calma x Daddy Yow x Mommy Yow #FamilyGoals

    Triumph Speed Twin | First Ride | Motorcyclenews.com
    • 2/14/2019 6:17:05 AM
    • 7

    Triumph Speed Twin | First Ride | Motorcyclenews.com

Business

http://www.24pilipinas.com/business/globe-says-net-income-up-22-in-2018/85871-news
Globe says net income up 22% in 2018
  • 2/12/2019 4:36:48 PM
  • 10

Globe says net income up 22% in 2018

MANILA, Philippines — Globe Telecom, Inc. reported on Tuesday its net income jumped 22 percent in 2018, as it sets aside a capital expenditure budget of P63 billion for 2019 to support the company’s continued expansion and enhancement of its data network.

In a statement, the Ayala-led telecom said its net income hit P18.4 billion in 2018, up from P15.1 billion recorded in the preceding year.

Globe’s fourth quarter net income stood at P3.9 billion, down 21 percent from P4.9 billion booked in the third quarter.

Consolidated service revenues totaled P132.9 billion, driven by data-related services across all business segments. “This was likewise supported by Globe’s pervasive 4G/LTE network, and the wide array of content offerings, through its partnerships with industry leaders and global content brands,” Globe said.

Excluding the impact of non-recurring charges, one-time gain, foreign exchange gains and mark-to-market charges, Globe’s core net income grew P18.6 billion in 2018, up 37 percent from P13.5 billion in 2017.

“We are proud of what we have achieved in 2018 both in terms of financials and network expansion. With our unwavering commitment to bring the Philippines closer to first-world internet connectivity, we are happy to announce that we have successfully met our minimum broadband coverage commitment,” Globe president and CEO Ernest Cu said.

“We will continue to build our network capacities to improve the internet experience as we re-invest our gains back to our network, which is now close to 33% of our revenues, to be able to deliver a differentiated level of customer service,” Cu added.

As of the end-December, Globe Postpaid had 2.6 million subscribers, 5 percent higher than a year ago. Globe Prepaid ended 2018 with 34.6 million subscribers.

Meanwhile, total home broadband subscriber base grew 24 percent from last year and now stands at over 1.6 million, of which around 61 percent are home wireless subscribers.

Shares in Globe closed P1,956 apiece on Tuesday, down 1.21 percent. The main index slipped 0.64 percent. — Ian Nicolas Cigaral

  • Globe says net income up 22% in 2018
  • Globe says net income up 22% in 2018
  • Globe says net income up 22% in 2018

Related News

Megaworld putting up 2nd condo development in Bacolod township
  • 2/19/2019 12:40:22 AM

Megaworld putting up 2nd condo development in Bacolod township

Toyota picks Philippines to lead launch of all-new Hiace
  • 2/19/2019 12:40:22 AM

Toyota picks Philippines to lead launch of all-new Hiace

European bank eyes presence in Philippines
  • 2/19/2019 12:40:21 AM

European bank eyes presence in Philippines

World Bank sees BSP rate cuts as inflation further eases
  • 2/19/2019 12:40:21 AM

World Bank sees BSP rate cuts as inflation further eases

Guarantee issues delay NAIA rehab
  • 2/19/2019 12:08:12 AM

Guarantee issues delay NAIA rehab

MVP Group's Multisys eyes 8 industries for new platforms
  • 2/18/2019 12:33:35 AM
  • 22

MVP Group's Multisys eyes 8 industries for new platforms

No respite from ballooning trade gap, say economists
  • 2/18/2019 12:33:13 AM
  • 8

No respite from ballooning trade gap, say economists

Meralco switches on first solar microgrid
  • 2/17/2019 12:38:05 AM
  • 7

Meralco switches on first solar microgrid

Ayala Land marks banner year in 2018
  • 2/17/2019 12:38:16 AM
  • 5

Ayala Land marks banner year in 2018

DOF ranks analysts based on forecasts
  • 2/17/2019 12:37:54 AM
  • 4

DOF ranks analysts based on forecasts

Insurance Commission allows insurers to invest in infrastructure projects
  • 2/15/2019 12:36:20 AM
  • 42

Insurance Commission allows insurers to invest in infrastructure projects

Jollibee nets 17% more in 2018, doubles 2019 capex
  • 2/15/2019 12:36:31 AM
  • 18

Jollibee nets 17% more in 2018, doubles 2019 capex

Dennis Uy-led PH Resorts Group Inc. readies follow-on offering at lower price
  • 2/16/2019 12:32:25 AM
  • 7

Dennis Uy-led PH Resorts Group Inc. readies follow-on offering at lower price

Latest News

How to Train Your Dragon 3:  Dean DeBlois Discusses the Trilogy
Video
  • 2/19/2019 4:06:38 AM
  • 0

How to Train Your Dragon 3: Dean DeBlois Discusses the Trilogy

Kapil Sharma shows TANTRUM, upsets Fan over Selfie | FilmiBeat
Video
  • 2/19/2019 3:43:38 AM
  • 0

Kapil Sharma shows TANTRUM, upsets Fan over Selfie | FilmiBeat

BLACKPINK - Boombayah Mr Removed 160814
Video
  • 2/19/2019 3:43:38 AM
  • 0

BLACKPINK - Boombayah Mr Removed 160814

Home and Away 7041 18th February 2019
Video
  • 2/19/2019 3:43:37 AM
  • 0

Home and Away 7041 18th February 2019

Biography: Cardi B
Video
  • 2/19/2019 3:43:37 AM
  • 0

Biography: Cardi B

Shamita Shetty trolled for allegedly being rude to fan
Video
  • 2/19/2019 3:43:37 AM
  • 0

Shamita Shetty trolled for allegedly being rude to fan

Home and Away 18th February 2019 | Home and Away 18th February 2019 | Home and Away 18th February 2019 | Home and Away | Home and Away February 18th 2019 | Home and Away 18-02-2019 | Home and Away 18-2-2019 | Home and Away
Video
  • 2/19/2019 3:18:36 AM
  • 0

Home and Away 18th February 2019 | Home and Away 18th February 2019 | Home and Away 18th February 2019 | Home and Away | Home and Away February 18th 2019 | Home and Away 18-02-2019 | Home and Away 18-2-2019 | Home and Away

Lena Headey to troll: Go f*ck yourself
National
  • 2/19/2019 2:47:07 AM
  • 0

Lena Headey to troll: Go f*ck yourself

'Supergirl' costars get engaged
National
  • 2/19/2019 2:47:06 AM
  • 0

'Supergirl' costars get engaged

Jeremy Miado out to prove quick KO no fluke in rematch vs Thai foe
National
  • 2/19/2019 2:47:06 AM
  • 0

Jeremy Miado out to prove quick KO no fluke in rematch vs Thai foe

Pink 'embarrassed' about receiving H'wood Walk of Fame star
National
  • 2/19/2019 2:47:06 AM
  • 0

Pink 'embarrassed' about receiving H'wood Walk of Fame star

Winwyn: Breakup with Mark no gimmick
National
  • 2/19/2019 2:47:06 AM
  • 0

Winwyn: Breakup with Mark no gimmick

Player of the Week: James Yap clutch as Rain or Shine stays on top
National
  • 2/19/2019 2:47:05 AM
  • 0

Player of the Week: James Yap clutch as Rain or Shine stays on top

Fil-Am R&B singer H.E.R. ready to 'dream bigger' after double Grammy win
National
  • 2/19/2019 2:47:05 AM
  • 0

Fil-Am R&B singer H.E.R. ready to 'dream bigger' after double Grammy win

Joey G recalls years as a struggling singer
National
  • 2/19/2019 2:47:05 AM
  • 0

Joey G recalls years as a struggling singer

RANKED: Best Netflix Original Movies for Early 2019
Entertainment
  • 2/19/2019 2:47:05 AM
  • 0

RANKED: Best Netflix Original Movies for Early 2019

Amazon Fire 7 Tablet Review: Alexa Makes Her Debut on Tablets
National
  • 2/19/2019 2:47:04 AM
  • 0

Amazon Fire 7 Tablet Review: Alexa Makes Her Debut on Tablets

Poe to DICT: Stop 'dilly-dallying' over 3rd telco project
National
  • 2/19/2019 2:47:04 AM
  • 0

Poe to DICT: Stop 'dilly-dallying' over 3rd telco project

Year in Space Put US Astronaut's Disease Defenses on Alert
National
  • 2/19/2019 2:47:04 AM
  • 0

Year in Space Put US Astronaut's Disease Defenses on Alert

Global Stocks Rise on Hopes of US-China Trade Deal
National
  • 2/19/2019 2:47:04 AM
  • 0

Global Stocks Rise on Hopes of US-China Trade Deal

Follow

Popular

  • Co-ops hit bid to kill franchises, give new ones to big firms
    National

    Co-ops hit bid to kill franchises, give new ones to big firms

  • Tigresses, Lady Spikers pull off hard-earned wins
    National

    Tigresses, Lady Spikers pull off hard-earned wins

  • Anthony Davis Is the Center of Attention This All Star Weekend
    National

    Anthony Davis Is the Center of Attention This All Star Weekend

  • Controversial 'heritage resort' in Bagac, Bataan, leads National Arts Month celebration
    National

    Controversial 'heritage resort' in Bagac, Bataan, leads National Arts Month celebration

  • Aurora Attacker Used Gun He Shouldn't Have Owned
    National

    Aurora Attacker Used Gun He Shouldn't Have Owned

  • Baguio City groans from too many visitors
    National

    Baguio City groans from too many visitors

  • Koffee with Karan Season 6 Episode 18 - Tiger Shroff
    Video

    Koffee with Karan Season 6 Episode 18 - Tiger Shroff

  • Koffee With Karan - Episode 18 Season 6 *FULL Episode
    Video

    Koffee With Karan - Episode 18 Season 6 *FULL Episode

  • Yasmien Kurdi hurdles thesis defense: 'Ga-graduate na 'ko sa wakas'
    National

    Yasmien Kurdi hurdles thesis defense: 'Ga-graduate na 'ko sa wakas'

  • Police face blank wall on Jose Luis Yulo slay
    National

    Police face blank wall on Jose Luis Yulo slay

  • Top Dunks of the Day - 02/14/2019
    Video

    Top Dunks of the Day - 02/14/2019

  • World Of Dance Philippines: Gtweens - The Qualifiers | Junior Division
    Video

    World Of Dance Philippines: Gtweens - The Qualifiers | Junior Division

  • பாகிஸ்தான் ராணுவ வாகனம் மீது தற்கொலைப்படை தாக்குதல்- வீடியோ
    Video

    பாகிஸ்தான் ராணுவ வாகனம் மீது தற்கொலைப்படை தாக்குதல்- வீடியோ

  • Fire razes high-end auto repair shop
    National

    Fire razes high-end auto repair shop

  • China accuses US of trying to block its tech development
    National

    China accuses US of trying to block its tech development

24pilipinas.com

24pilipinas.com © 2017 Contact Us