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BRIEF-Globe Telecom consol. qtrly net income 4.2 bln pesos, up 52 pct
February 8, 2017 / 1:29 AM / 9 months ago

BRIEF-Globe Telecom consol. qtrly net income 4.2 bln pesos, up 52 pct

Feb 8 (Reuters) - Globe Telecom Inc

* Consolidated quarterly net income amounted to 4.2 billion pesos, up by 52%

* FY revenue 120.0 billion pesos versus 113.7 billion pesos

* FY EBITDA at 50.0 billion pesos; up 9% yoy

* Mobile revenues slightly grew year-on-year, at 91.9 billion pesos in 2016

* Approved first quarterly distribution of cash dividends of 22.75 pesos per share

* For 2017 EBITDA margin is expected to remain around the current levels

* 2017 “will likewise be impacted by the additional interest expenses from additional debt related to 2017 capex and SMC transaction”

* For 2017, the company’s new cash capital expenditures are programmed to be approximately $750 million Source text for Eikon: Further company coverage:

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