Philippine Long Distance Telephone Company (PLDT), the country’s dominant telecoms service provider, says its net profit for the three months ended 30 September 2012 flat-lined as rising costs related to sales promotions offset any gains made in service revenues. PLDT booked net income of PHP9.2 billion (USD223.0 million) in the period under review, down marginally from PHP9.3 billion in July-September 2011, but bullishly predicted that growth in broadband will drive sales in fiscal 2013 as a result of the recent completion of its USD1.6 billion CAPEX plan to upgrade its networks and expand its internet gateway capacity.
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OVETEL PLDT reports flat Q3 on rising costs
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