Globe wins Finance Asia Awards for 9th straight year-A A +A
Tuesday, June 19, 2012
LEADING telecommunications company Globe Telecom received five major citations from Finance Asia during a recent poll conducted among 265 investors and analysts across the region by the Hong Kong-based publishing giant.
This is the ninth straight year that Globe appears in the list of the prestigious annual survey of Asia’s best managed companies.
Globe garnered high marks for the following award categories: Best Managed Company, Best Corporate Governance, Best Investor Relations, Most Committed to Strong Dividend Policy, and Best Corporate Social Responsibility.
“It is truly an honor for Globe to be continuously recognized as among the best companies in the country. It is a testament of our consistent business performance and unwavering commitment to service excellence for all our stakeholders. As a challenger brand, we look for opportunities to innovate and create relevant solutions that will bring us closer to our vision of having the happiest customers. We are here not only to create excellent value for our customers, shareholders, and employees but also to help bring positive change to the Filipino nation,” said Cu.
Aside from being an industry leader, Globe is consistently one of the most profitable companies in the market, successfully orchestrating a dramatic shift in business by seeing vast potential in creating new markets.
In fact, 2011 proved to be a significant year for Globe as the company posted huge improvements in revenues, market share, profitability, and shareholder returns. This was achieved despite the weakness and uncertainty of the global markets, slower domestic economic growth, and a step-up in the competitive dynamics in the telecom industry.
The sustained revenue and earnings momentum, as well as improvements in its market position, translated to dramatic improvements in shareholder value.
Globe Telecom’s market capitalization jumped 42 percent in 2011, outperforming the Philippine composite index - the region’s best-performing market - which grew four percent in the same period.
Globe also provided one of the highest dividend yields in the local market and among telecom companies in the region. The company paid out a total of P8.2 billion in dividends in 2011 equivalent to 84 percent of prior year’s net income, translating to a dividend yield of eight percent.
Coupled with the increase in share price, total shareholder return in 2011 was at 51 percent from -4 percent in the prior year.
Globe, likewise, firmly believes that integrity, good governance and transparency are critical aspects to its success. These are the principles that make up the company’s foundation to achieving its mission, vision and goals.
On the other hand, the company’s commitment to sustainability and corporate responsibility further extends its brand value. Through Globe Bridging Communities, it is able to engage stakeholders in underserved communities to design their own sustainable future and create opportunities that allow them to contribute to society through the effective use of ICT.
Globe BridgeCom stands tall on established socio-developmental impact through the implementation of unique programs such as iGive (volunteerism/calamity-response), iProsper (entrepreneurship), iLead (community relations), iAccess (ICT for development), and iConserve (environmentalism).
Finance Asia was established in 1996 and is now a leading financial publishing company in Asia with bureaus in Hong Kong, Singapore, and Sydney. It covers Asia’s fast moving financial and capital markets. (PR)