PLDT fans look to tariffs; a rise in phone rates would boost stock price

Article Abstract:

Analysts are looking forward to an increase in the revenue of Philippine Long Distance Telephone Co (PLDT) by 1998. The recent peso depreciation has already bolstered the company's international call revenues and caused the company's share prices in the stock market to jump. Other actions expected to increase revenue are the anticipated government approval of a tariff rebalancing, adoption of a phone-metering system, and increases in both domestic and long-distance rates.

Long Distance Telephone Svc, Intnl Telephone Service, Long distance telephone services, Long-distance telephone service, International telephone services

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PLDT profit climbs 32% as network grows, leading to upgraded forecast

Article Abstract:

Philippine Long Distance Co.'s net profit for Jan.-Sep. 1996, rose 32% to $177.7 million as compared to 1995 net profit. The rise, which is attributed to the growth of its telephone network, resulted in a 40-peso per share increase of the company's stocks to 1,585 pesos. Stock analysts are urging buyers to increase investments after the company maintained a strong performance despite forecasts of weak returns.

Telephone Communication

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PLDT profit disappoints

Article Abstract:

Philippine Long Distance Telephone Co. reported net profit of 628.9 million pesos ($12.5 million) in the first quarter, vs 110 mil pesos in the year-earlier period. The company disappointed the investment community because profitability was from a low base. The company's financial returns are discussed.

Sales, profits & dividends, Philippines, Statistical Data Included

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