Summary by Futu AI
First Pacific announces the unaudited consolidated financial performance of its major operating joint venture company, PLDT Inc., for the six months ending June 30, 2024. The financial report was approved and released by the PLDT board of directors on August 13, 2024. PLDT is listed on the Philippine and New York Stock Exchanges and first Pacific and its consortia hold approximately 25.6% economic interest in PLDT. The report shows that PLDT's service revenue increased from PHP 99,251 million in 2023 to PHP 103,443 million in 2024, while net income remained at about PHP 18,500 million. PLDT's financial statements have been prepared in accordance with Philippine Financial Reporting Standards and disclosed on the websites of First Pacific and the Hong Kong Stock Exchange. First Pacific reminds shareholders that this financial performance represents only PLDT's performance, not First Pacific itself.