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GCash boosts Globe's earnings
Manila Bulletin
|May 12, 2025
Ayala-led Globe Telecom Inc. saw its net income expand in the first quarter of the year as its equity stake in Mynt, the holding company of popular e-wallet GCash, continued to pay off even after the dilution of its share.
In a regulatory filing published on its website, Globe reported that its net income reached P6.96 billion by the end of March, a three percent increase from P6.77 billion during the first three months of 2024.
Globe attributed the increase to higher contributions from its affiliates, particularly Mynt, which recorded a P1.8 billion in equity earnings, a substantial 86 percent jump from the previous year.
Cette histoire est tirée de l'édition May 12, 2025 de Manila Bulletin.
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