PLDT expects full year profits to reach PHP27 billion

15 Jun 2005

Philippine Long Distance Telephone Company (PLDT) has said it is confident that its core profits will hit PHP27 billion (USD488 million) for the full year, with the results for the first five months of the year being above target. The company said that its mobile business had driven earnings in the five months, although it has not released any figures to back up his claim.