Globe income dips 5% in first 6 months

Quarantine restrictions imposed to curb the spread of the coronavirus disease 2019 (Covid-19) in the country pulled down listed Globe Telecom Inc.’s earnings by 5 percent in the first half of 2020.

In a disclosure on Tuesday, the Ayala-led telecommunications giant said its net income declined to P11.5 billion from P12.04 billion in the same period last year, while consolidated service revenues dropped to P72.42 billion from P72.87 billion.