(Corrects headline to show increase is six-fold, not five-fold)
MANILA, March 5 Philippine Long Distance
Telephone Co (PLDT), one of the country's biggest firms
by market capitalisation, posted a 525 percent jump in quarterly
net profits on higher revenues from its mobile phone business.
PLDT, part-owned by Hong Kong's First Pacific Co Ltd
, Japan's NTT Communications and NTT DoCoMo
, said its net income in October to December was 6.7
billion pesos ($164 million) compared with 1.1 billion pesos in
the same year-ago period.
That brought the company's full-year net income to 35.5
billion pesos, up 12 percent from 2011.
Core net profit, which excludes currency and
derivatives-related items, gained 10 percent to 9.3 billion
pesos for the fourth quarter, bringing full year core net income
to 37.3 billion pesos, in line with the company's guidance
($1 = 40.775 Philippine pesos)
(Reporting by Erik dela Cruz and Rosemarie Francisco; editing
by Miral Fahmy)