PLDT Inc. CEO Manuel V. Pangilinan maintained a positive outlook for the telecommunication company’s performance for the third quarter.
“[The outlook is] always positive,” he said on Monday. “[We expect] double-digit growth for both home and enterprise.”
PLDT saw its consolidated core income in the first half of the year drop 2 percent to P17.4 billion. Its revenues declined by 7 percent to P79.02 billion, from P85.28 billion from January to June last year.
The company’s stock price shed 0.18 percent on Monday to P1,705.00, even dipping to P1,690 at midday trading after opening at P1,709.00.
Pangilinan spoke on the sidelines of the company’s launch on Monday of another product for the enterprise segment.
PLDT partnered with the government’s disaster risk-reduction agency for the roll out of the product.
“Hopefully our partnership with LGUs [local government units] will be able to foster relationships, so we could roll out our facilities in a more fluid manner,” PLDT Chief Revenue Officer Eric R. Alberto said.