For earning high regard among investors and analysts across the region in terms of its financial performance, industry leadership and corporate management, Globe Telecom was formally recognized as one of the best companies in the country and in the region by Finance Asia, a leading publisher of financial news in the Asia-Pacific region.
As one of the best-managed companies in the country, Globe was bestowed with four major company awards and an individual category citation. The telco also received high rankings for best corporate governance, the “most committed to paying good dividends,” and in investor relations. The company’s President & CEO Ernest Cu was also adjudged as one of the best chief executive officers.
“It is an honour to be recognised as among the best companies in the Philippines. Globe remains committed to its stakeholders by marking exemplary results and exceeding performance metrics through the collective efforts of its people who are passionate to serve and its strong leadership,“ said Globe Chief Financial Officer Albert de Larrazabal.
According to FinanceAsia, the responses were culled from over 250 portfolio managers and buy-side analysts from around the world on their opinions on Asian-listed companies. Globe figured prominently in the survey on the strength of an excellent financial performance last year, which saw record highs in terms of consolidated service revenues of P99 billion, a 9% growth year-on-year; total consolidated EBITDA of P39 billion, 8% higher than 2014; and core net income at P14 billion, up 25% from last year.
During the first quarter of 2015, officials from the telco revealed that Globe generated P26.2 billion consolidated service revenues, 13% higher than 2014, while EBITDA level was at P11 billion, up 25% year-on -year. Its core net income was at P4.2 billion, a 25% rise compared to last year.