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MANILA, Philippines – PLDT Inc. (PSE:TEL) announces its unaudited financial and operating results for the first nine months of the year with P125.4 billion consolidated revenues, a decline by two percent from last year.
The consolidated service profit amounted to P101 billion, which is stable compared last year. This record does not include interconnection costs, international long distance (ILD) values, and national long distance (NLD) rates. The fixed line returns increased by nine percent to P42.2 billion. The wireless revenues dropped by six percent to P64.7 billion.
During the nine-month period, the consolidated core income totaled to P21.7 billion, which is 20 percent lower than 2015 record. The registration is largely affected by lower earnings before interest, tax, depreciation and amortization (EBITDA), financial costs, and higher depreciation. The two latter segments are influenced by increased expenses.
Consolidated EBITDA dropped by 15 percent to P45.7 billion. This accounts product subsidies growth, lower yields from wireless service, higher provisions, and content values. The margin remained at 38 percent during the period. Nonetheless, the third quarter EBITDA record improved by 39 percent compared to 35 percent of second quarter this year.
The consolidated net borrowings of the company totaled to US$2.8 billion, whereas the ratio of net liability to EBITDA was 2.16x. The gross liability amounted to US$3.3 billion, which is inclusive of 37 percent U.S. dollar denominations (around US$1.2 billion). Only 11 percent is excluded from financial risk.
The company has debt maturities worth US$669 million in 2017. Around US$470 million of these values are for refinancing facilities and have been signed. On the other hand, the US$199 million balance is anticipated to be finalized in December 2016. From 2022 onwards, one-third of total gross borrowings will mature.
The investment grade ratings of PLDT remained unchanged as of September 30, 2016. The company stated that it is adjusting to their projected year-end EBITDA of P60 billion, which is P4 billion lower from its previous forecast.
Here’s some additional information for TEL.
Top 10 Players’ Sentiment
Participants with a 100% Buying and Selling Activity from Nov-02-2016 to Nov-14-2016 at 03:30PM:
- 46 out of 109 participants or 42.20% of all participants registered a 100% BUYING activity
- 1 out of 109 participants or 0.92% of all participants registered a 100% SELLING activity
- Top 10 Players’ Buying Average: 1467.2259
- Top 10 Players’ Selling Average: 1461.8449
30-day Foreign Fund Flow
On a 30-day trading period, TEL is on a Net Foreign Selling worth PHP46,012,090.00.
Risk level is low based on our proprietary risk level indicator.
Volume is normal based on TEL’s 30-day volume average.