BRIEF-Globe Telecom Reports FY Core Net Income 21.2 Bln Pesos, Up 9%

Feb 9 (Reuters) – Globe Telecom Inc GLO.PS:

• FY CORE NET INCOME 21.2 BILLION PESOS, UP 9% YOY

• FY REPORTED CONSOL SERVICE REVENUES 151.5 BILLION PESOS VERSUS 146.4 BILLION PESOS REPORTED YEAR AGO

• GLOBE COMMITS TO 89.0 BILLION PESOS CAPEX IN 2022

• FOR 2022, REMAINS GUARDEDLY OPTIMISTIC ABOUT SUSTAINING MOMENTUM AS ECONOMY RECOVERS

• FOR 2022, EXPECTS REVENUES WILL INCREASE BY LOW SINGLE DIGIT FROM 2021 LEVEL

• FOR 2022, MARGINS TO BE IMPACTED BY HIGH CONTRIBUTION OF LOWER-MARGIN DATA-RELATED PRODUCTS, BUT OFFSET WITH EFFORTS TO MANAGE COSTS

Source text for Eikon: ID:nPSX8SJdNR

Further company coverage: GLO.PS

((Reuters.Briefs@thomsonreuters.com;))