MANILA: Philippine Long Distance Telephone Co’s profit fell 33 percent in the second quarter as the nation’s largest phone carrier booked losses for its investment in Germany-based Rocket Internet SE and as earnings from its mobile-phone, data and landline businesses were little changed. Net income was 6.25 billion pesos (US$133 million) in the three months that ended in June, compared with 9.34 billion pesos a year ago, the company said yesterday in a statement. The carrier also said it would cut its dividend payout to 60 percent of core income from 75 percent to compensate for an increase in spending.
Pakistan to receive 50,000 tons of fertilizer imports From Morocco
KARACHI: Pakistan is set to receive a major shipment of phosphate-based fertilizers from Morocco as part of efforts to ensure...
