PSE Market Summary:
The Philippine Stocks Market was down by 39.14 or .60% to close at 6,431.35. Total trades reached 39,567 with 85 stocks advances, 91 declines and 43 stocks unchanged.
GLO Posts P10.3B Gain; Declares Dividend
Globe Telecom, In. (PSE:GLO) reported a full year core net income of P10.3billion, up by 2% from P10 billion in 2012. Consolidated revenues were up by 6% to P82.7 billion, but marketing and subsidy expenses went up by 13%. GLO also declared cash dividend of P33.50 per share wih ex-date on Feb. 14, 2013 and payable on Mar. 12, 2013.