PLDT confident in meeting its profit guidance

The Philippine Long Distance Co. (Pldt) is confident in meeting and sustaining its profit guidance this year as the country’s gross domestic product (GDP) expanded for the last past quarters of the year.

“The market will grow next year because the economy is growing positively. Over the last three quarters the GDP has grown roughly about 7 to 7.5 percent. So I think the market will also grow,” said Napoleon Nazareno, president and chief executive officer of PLDT.