The Philippine Long Distance Telephone Co. (PLDT) reported on Tuesday its consolidated core net income for 2013 reached P38.7 billion, up 5 percent, or P1.8 billion higher than the P36.9 billion recorded in 2012.

“I am pleased to note that PLDT has turned the corner and is back on the growth track as demonstrated by the marked improvement in our 2013 numbers and early indications from the first two months of 2014,” Manuel Pangilinan, chairman of PLDT, told reporters in a press briefing.

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