Friday, May 4, 2007

Globe Q1 frustrates

Globe Telecom profit falls 25%

MANILA, Philippines -- Globe Telecom Inc. said its net profit in the first quarter fell 25 percent year-on-year to P2.6 billion after booking P1.2 billion in non-recurring costs related to the redemption of $300 million bonds ahead of maturity.   (Phil. Daily Inquirer)

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