Globe banks on GCash, mobile for income lift

Wireless provider Globe Telecom Inc. has raised its profit to beyond P20 billion as of September, as it looks to end the year strong on the back of mobile and e-wallet contributions.

- ELIJAH FELICE ROSALES

Based on its financial report, Globe grew its profit by seven percent to P20.56 billion in the nine months to September, from P19.29 billion a year ago.

Globe's telco revenues rose by two percent to P124.01 billion, enough to hold off the impact of the 56-percent decline in its non-telco earnings to P1.81 billion.