MANILA, Philippines — Converge ICT Solutions Inc. saw its bottom line slip by nearly 7 percent to P5.5 billion in the first half, even as revenues inched up, prompting the firm to temper its full-year outlook amid “persistent inflationary pressures.”
First-half profit fell 6.78 percent from P5.9 billion a year earlier, although Converge maintained a net income margin of 24.4 percent.
READ: Households boost Converge bottom line by 18%
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In a disclosure Tuesday, the Dennis Anthony Uy-led company said consolidated revenues rose 3.1 percent to P22.4 billion from P21.8 billion last year.FEATURED STORIES
