Globe Telecom Q2 net profit down by 35%
MANILA, Philippines - Globe Telecom Inc. said its second quarter net profit declined by 35% from a year ago to P2.11 billion.
The country's second-biggest telecommunications firm, is owned by local conglomerate Ayala Corp. and Singapore Telecommunications Ltd.
Globe said in a statement on Tuesday that its mobile phone subscribers reached 24.6 million at the end of June from 23.9 million at the end of the first quarter.
Core net income which excludes foreign exchange, mark-to-market charges and non-recurring items, slipped by 26% to P2.39 billion from P3.23 billion during the same period last year.
The company's service revenue for the second quarter also went down to P15.5 billion from P15.73 billion in the previous year.
Shares of Globe Telelecom edged down by 0.3% to P879 a piece on Tuesday.
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hayyyyy
I am an OFW here in Saudi Arabia. Before leaving the philippines I bought that fucking "GLOBE OFW sim pack 3 sim cards"
after 5 days stay here at the Kingdom of Saudi Arabia ay lintik wala na ako signal.Itinawag ng kapatid ko sa pinas sabi ng Costumer Service Rep ng Globe e dapat daw may maintening balance me na 300 pesos at dapat daw ay na lo loadan din yung 2 sim card na nasa pinas(PERO SA ADS NG GLOBE SABI E ZERO MAINTAINING BALANCE) yun pala ang daming kondisyenos.
Suma Tutal, sa bandang huli e wala na talaga me signal, Anu pa nga ba e di palit ng Simcard.
Calling all incoming OFW, if you want to stay connected with your families sa pinas. Do not use GLOBE
But in fairness to GLONE TELECOM ha, ang galing ng convincing power nyo sa mga ads ,parang totoo.
So I think, you just deserve a low profit and even lower pa.