Converge ICT Options Inc. ended 2024 with P10.8 billion in earnings.
MANILA, Philippines — Converge ICT Options Inc. ended the primary half with double-digit progress in web revenue, though a manpower situation may set off a slowdown in its prime line for the remaining quarters.
The corporate led by tycoon Dennis Anthony Uy stated its earnings within the January to June interval had jumped 12.4 % to P5.9 billion from P5.3 billion.
The group’s consolidated revenues likewise booked an 11.6-percent progress, hitting P21.8 billion from P19.5 billion.
Whereas it anticipates sustained sturdy traction within the native marketplace for the second half, Converge ICT has determined to trim its full-year income progress to 10 % to 12 %.
This got here from the unique forecast of 14 % to 16 %.
READ: Converge transitioning from telco to ‘techco’
“So we softened our full 12 months steering regardless of demand remaining sturdy. We had been anticipating that the churn ranges would enhance over the second quarter onwards. Nevertheless, that is turning into difficult due to a scarcity of manpower,” Converge ICT chief finance officer Robert Leo Yu stated in a media briefing on Wednesday. —Lisbet Okay. Esmael
READ: Converge ICT H1 revenue climbs by 12.4% to P5.9 billion
Your subscription couldn’t be saved. Please attempt once more.
Your subscription has been profitable.
