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Bofinet posts P12m pretax profit

Tuesday, October 07, 2025 | 60 Views |

BoFiNet, the country’s wholesale telecoms infrastructure provider, has posted a pretax profit for the year ended March 31, 2024, an improvement from the loss it recorded in the previous year.

On the other hand, its total revenue grew marginally by one percent to P485 million, while operating profit nearly doubled, supported by cost containment measures and new project rollouts.

The parastatal recorded a pretax profit of P12 million during the reporting period, which was better than the P7 million loss it made in the full year 2023.

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