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.