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Globe income tumbles 29% despite record-high revenue

By Inquirer - 10 months ago
MANILA,  Philippines  —Albeit higher revenues, Globe Telecom Inc. ended 2023 with a 29-percent decline in its bottom line due to higher depreciation expenses as well as the absence of a one-time gain. The telco giant announced on Wednesday its net income fell to P24.58 billion last year from P34.6 billion previously even after total revenue

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