PLDT Inc. reported a net income of $168.9 million for its third quarter of 2024. On a per-share basis, the company achieved a net income of 78 cents, with adjusted earnings reaching 68 cents per share.
The company experienced strong growth in net service revenues and its enterprise segment during the quarter. This indicates continued momentum in key strategic areas, contributing positively to the overall revenue performance.
Despite revenue growth, PLDT is navigating increased financing costs and competitive pressures within the wireless market. These factors present ongoing challenges that the company must address to sustain profitability and market share.
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