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First Pacific Co ( (HK:0142) ) just unveiled an announcement.
First Pacific Company Limited announced that its major operating associate, PLDT Inc., has released its audited consolidated financial results for the year ending December 31, 2024. PLDT reported an increase in net income from continuing operations, reflecting a strong financial performance with revenues from contracts with customers rising to 216,833 million pesos. This financial disclosure is significant for stakeholders as it underscores PLDT’s robust market position and operational efficiency in the telecommunications sector, potentially influencing investor confidence and market dynamics.
More about First Pacific Co
First Pacific Company Limited is a Hong Kong-based investment management and holding company with interests in telecommunications, consumer food products, infrastructure, and natural resources. It holds a significant stake in PLDT Inc., a major telecommunications provider in the Philippines, which is listed on the Philippine Stock Exchange and the New York Stock Exchange.
YTD Price Performance: 13.85%
Average Trading Volume: 17,440
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $2.52B
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