MANILA, Philippines — Globe Telecom Inc. booked another record first half in revenues but saw its earnings decline as higher operating costs and lower gains from the dilution of its stake in Mynt weighed down on its bottom line.
On Wednesday, the Ayala-led telecommunications (telco) reported an 11-percent decline in net income after tax to P11 billion from P12.4 billion a year earlier. Core net income, meanwhile, slipped 2 percent to P10.2 billion.
READ: Globe profit falls 20% in ‘challenging’ Q1
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On the other hand, consolidated gross service revenues climbed 6 percent to a record P85.4 billion in the first six months of 2026, surpassing the previous high of P82.8 billion recorded in 2024.FEATURED STORIES
