Globe reports 38% fall in net profit

4 Aug 2005

Globe Telecom has reported a net income of PHP4.2 billion for the first half of 2005, down 38% on the same period last year. Net income for the second quarter of the year stood at PHP3.86 billion. Globe said its total wireless subscriber base stood at 13.6 million at the end of June, up 29% in a year, while fixed line customers grew by 21% to 350,000.

Philippines, Globe Telecom (incl. Innove)