PLDT Inc. remains confident of hitting a “mid-single digit” growth for its earnings before interest tax depreciation and amortization (EBITDA) this year as it continue to grow its business.
The company reported Tuesday it closed the first nine months of the year with a profit of P28.1 billion, up 1 percent from last year’s P27.88 billion.
Revenues totaled P160.94 billion, up 2.92 percent from P156.36 billion last year.
Earnings per share was at P130.
Danny Yu, PLDT chief finance officer, said core profit for the company’s telco operation — stripping the influence of non-telco business like fintech — is seen to hit “north of P35 billion.”
“We expect revenues from our data and broadband businesses to grow by mid single digits, excluding the impact of legacy revenues with our continuing pursuit of operating efficiencies and cost rationalizations,” he also said.
Capital expenditure meanwhile is seen at P75 billion to P78 billion, in line with company commitment to lower the capex.
