Converge ICT Solutions Reports Strong First Half of 2024: Net Income Up 24% YoY
L-R Robert A. Yu, Converge Chief Finance Officer; Grace Y. Uy, Converge President and Co-Founder; Dennis Anthony H. Uy, Converge CEO and Co-Founder; Benjamin B. Azada, Converge Chief Commercial Officer and Chief Sustainability Officer; and Jesus C. Romero, Converge Chief Operations Officer. With net additional residential subscribers leaping by 142% yoy Leading fiber broadband provider Converge ICT Solutions Inc. registered remarkable growth in the first half of the year, with net income surging 23.6% year-on-year to P5.3 billion and consolidated revenues growing 12.4% to P19.5 billion on the back of strong uptake of its residential broadband and sustained double-digit growth in its enterprise business. Net additional residential subscribers of Converge more than doubled to 223,751 during the six-month period, a whopping 142% jump from 92,302 during the same period last year. This resulted in an 11.8% yoy growth in residential revenues to P16.6 billion in the first half of the yea...