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Dennis Uy’s Dito CME bleeds P15.4 billion, brushes off debt jitters

Summary by Ground News
Dito CME, Dennis Uy's holding company for the third telco and other tech interests, posted losses of P15.4 billion in the first semester of 2022. Foreign exchange losses and expenses ballooned during the period. The company attributed revenue growth to Dito Telecommunity, which saw 9.6 million subscribers as of end-June.
1 month ago

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Dennis Uy’s Dito CME bleeds P15.4 billion, brushes off debt jitters

Dito CME has short-term loans amounting to $1.3 billion or around P72 billion. The company is optimistic that it can grow out of its debt and arrange long-term loans.

1 month ago·Philippines
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