PLDT seen on track to hit net profit target for 2012

PLDT seen on track to hit net profit target for 2012:
PLDT seen on track to hit net profit target for 2012
MANILA, Philippines—Local telecommunications giant Philippine Long Distance Telephone Co. sees its second-quarter performance on track with the company’s full-year 2012 core net income guidance of P37 billion.

“It will be broadly in line with our guidance,” PLDT chair Manuel V. Pangilinan told reporters on Friday when asked about second-quarter prospects at the sidelines of the launch of the 2012 search for Ten Outstanding Young Men (TOYM) of the Philippines.

PLDT’s core net profit guidance of P37 billion is lower than last year’s actual core net profit of P39 billion but Pangilinan said he expected core bottom line to return to the P39-billion level next year and, in 2...

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