PLDT profit falls 60% to P10.48B

By Ed Paolo Salting

Mar 24, 2023 12:15 am

PLDT Inc. on Thursday reported that its net income had dropped by 60 percent to P10.48 billion last year, down from P26.36 billion in 2021, mainly due to accelerated depreciation.

Core profit, however, improved to P33.1 billion from P30.23 billion a year earlier.

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