PLDT net income for 2016 is Php27.9b, down from Php35.2b in 2015

PLDT announced their 2016 fiscal year performance today, claiming a core net income of Php27.9USD 0.48INR 40EUR 0.45CNY 3 billion. This is 21% lower than their net income in 2015 (Php35.2USD 0.60INR 51EUR 0.57CNY 4 billion).

The company also posted a consolidated revenue of Php147.6USD 3INR 213EUR 2CNY 18 billion which is down from the Php171.1USD 3INR 247EUR 3CNY 21 billion they made in 2015.

PLDT has been rapidly pushing for its digital shift since last year. PLDT Chief Technology Adviser Joachim Horn says that “they are aiming for Smart LTE coverage to about 70% of the population this year and up to 95% of the population by end of 2018”.

Last year, PLDT also posted a 35% drop in net income (see story here) and lost about 5 million customers to rival Globe Telecom.

Abe Olandres

Abe is the founder and Editor-in-Chief of YugaTech with over 20 years of experience in the technology industry. He is one of the pioneers of blogging in the country and considered by many as the Father of Tech Blogging in the Philippines. He is also a technology consultant, a tech columnist with several national publications, resource speaker and mentor/advisor to several start-up companies.

https://www.yugatech.com

7 Comments

kulangot says:

8 years ago

buti naman, lousy internet provider eh, they deserve that
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Kebbot says:

8 years ago

I cant wait for next year net income…. Lol
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Imbiyerna says:

8 years ago

HAHAHAHAHAHAHA! Ayan kasi puro mayayaman sa exclusive villages at luxury condos lang ang target nila sa kanilang pinagmamalaking Fibr service, eh karamihan ng mga users nila ay mga masa na bulok ang mga linya. Eh kung baguhin kaya ninyo yung infrastructure sa aming mga mahihirap, hindi lang sa mga rich?
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K L says:

8 years ago

nice sana mas bumaba pa! sana magsarado na rin sila palitan ng mas matinong ISP dahil wala parin fiber man lang sa amin nasa NCR lang kami mukang pera kasi walang corporate social responsibility, mission nila more subscribers then lokohin sa mga add ons telpads watch camera..
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el gato says:

8 years ago

i hope pldt’s unlimited internet plan, 20mbps, 1800php+, will be successful… sana gawin din ito ng globe sa 1599php LTE plan.
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anon says:

8 years ago

umiiwas lang yan sa TAX!!!
paanung bababa income nyan? di naman sila gumagastos sa infra.
baka magaling lang accountant ng mga yan..
#theaccountant
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NotASheep says:

8 years ago

Its probrably because they couldnt sell their super outdated tablets to their smart and angry customers.
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