Globe Telecom bags 2 Finance Asia citations

Globe Telecom bagged two major citations from Finance Asia based on a
recent poll conducted by the leading financial publication in the
region.
Globe Telecom was listed among the Philippine companies most committed
to a strong dividend policy and best investor relations categories.
This is the tenth straight year that Globe appears in the list of the
prestigious annual survey of Asia’s best managed companies.
“We are honored by the recognition given to us by Finance Asia.  This
inspires us to do more for our customers, making sure that the gains
of our transformation initiatives will be meaningful for them,” said
Globe President and CEO Ernest Cu.
The poll was conducted to determine Asia’s top companies. The survey
involved votes from investors and analysts across the region.
The company’s strong performance reflects the success of its
customizable and innovative service offerings for both domestic and
international markets, value-for-money promotions, handset and gadget
launches, as well as the boost from the increasing demand for mobile
browsing and voice services.
In 2012, the company’s consolidated service revenue soared to a record
high of PHP82.7 billion, a 6% rise from a year earlier, supported by a
substantial increase in its subscriber base. The company’s favorable
performance allowed it to approve a semi-annual cash dividend of
PHP33.50/common share. On an annualized basis, the dividend totaling
PHP4.4 billion represents about 86% of 2012 core net income.
The sustained revenue and earnings momentum, as well as improvements
in its market position, translated to dramatic improvements in
shareholder value.