PhoneCardSmile.Com Logo
E-mail: Password:
Welcome to
Philippines Phone Cards News, Philippines Telecom
Philippines Globe Telecom 2007 net profit rises 13 percent

Date: 2/4/2008 4:58:00 PM

Globe Telecom Inc, the Philippines secondlargest carrier, reported Monday a 13 percent increase in net profit to 13.3 billion pesos in 2007 as revenue hit a record high.

Core net profit, which strips out oneoff items such as costs related to a bond redemption, grew 27 percent to 13.7 billion pesos.

Revenue increased 11 percent to 63.2 billion pesos, driven by gains in its wireless and fixed line businesses.

Quarterly results were not immediately available.

We hope to sustain this growth into 2008 through continued focus on the needs of our subscribers and disciplined execution of our strategy blueprint, said president and chief executive Gerardo Ablaza.

Globe, controlled by Philippine conglomerate Ayala Corp and partly owned by Singapore Telecommunications, ended 2007 with 20.3 million cellphone subscribers, 30 percent more than a year before.

Globe declared a semiannual cash dividend of 37.50 pesos per common share, or a total of 5 billion pesos, for shareholders on record on Feb 18. Payment will be on March 13.

This is consistent with the companys dividend policy of distributing 75 percent of the previous years net profit and represents a 14 percent increase over the previous semiannual dividend of 33 pesos.

For 2008 Globe is allotting about 400450 million US dollars for capital expenditure, compared to last years total capex of 13.9 billion pesos. Most of this years budget will be invested in its cellphone and broadband segments.

Shares in Globe gained 40 pesos or 2.5 percent to close at 1,640 pesos on Monday.

** Check out our Philippines Phone Cards
Tag Clouds: philippines Phone Card, philippine Calling Card, philippine Calling Cards  Phone Card News Stats


<-- Back

International Phone Card Search

Calling From United States to:
Phone Card Name (Optional):
Provide Local Access in

Navigation Links:

Live Help!

My Rewards Program

Secured and Verified by:
About SSL Certificates
HACKER SAFE certified sites prevent over 99.9% of hacker crime.
Discover, Master, Visa, American Express
Your current IP is:

Phone Card Rates
Brazil Phone Card, Brazil Calling Card Flag   Brazil 0.2¢ Canada Phone Card, Canada Calling Card Flag   Canada 0.1¢
China Phone Card, China Calling Card Flag   China 0.1¢ Egypt Phone Card, Egypt Calling Card Flag   Egypt 3.1¢
France Phone Card, France Calling Card Flag   France 0.1¢ Germany phone card, Germany calling card flag   Germany 0.1¢
Iraq Phone Card, Iraq Calling Card Flag   Iraq 1.0¢ india phone card, india calling card flag   India 0.1¢
italy phone card, italy calling card flag   Italy 0.1¢ Japan Phone Card, Japan Calling Card Flag   Japan 0.3¢
Korea South Phone Card, Korea South Calling Card Flag   S. Korea 0.1¢ Mexico Phone Card, Mexico Calling Card Flag   Mexico 0.4¢
Nigeria Phone Card, Nigeria Calling Card Flag   Nigeria 2.8¢ Philippines Phone Card, Philippines Calling Card Flag   Philippines 4.6¢
Russia Phone Card, Russia Calling Card Flag   Russia 0.3¢ Taiwan Phone card, Taiwan Calling Card Flag   Taiwan 0.1¢
South Africa Phone Card, South Africa Calling Card Flag   S. Africa 0.9¢ USA Phone card, USA Calling Card Flag   USA 0.3¢
UK Phone Card, United Kingdom Calling Card Flag   UK 0.1¢ USA Phone card, USA Calling Card Flag   Vietnam 0.8¢
Phone Card News

More News...