Globe Telecom Inc said Tuesday core profit rose 14 percent in the first semester of 2015, boosted by its mobile and broadband businesses.

The company, a unit of conglomerate Ayala Corp., said core net income, which excludes the impact of non-recurring items, amounted to P8.6 billion in the January-to-June period from P7.6 billion year-on-year Globe’s core profit in the second quarter reached P4.4 billion from P4.2 billion on year. The second-ranked telecommunications company reported a net income of P8.7 billion in the first six months of the year from P6.8 billion on yea. Net profit in the second quarter amounted to P4.5 billion from P3.9 billion on year. “Amidst the heightened level of competition, Globe soared to new record levels in terms of service revenues, EBITDA [earnings before interest, taxes, depreciation and amortization], net income and core net income,” Globe president and chief executive Ernest Cu said. He said the company’s data revenues exceeded expectations, maintaining a robust double-digit growth during the first half of the year. “We remain confident that we can sustain this growth momentum going forward as Globe is now well-positioned and well-equipped more than ever to offer the best products and services to cater to the market’s growing demand for quality digital content, given our topnotch global and local partnerships, and backed by our improved and modernized network,” Cu added. Globe’s consolidated service revenues stood at P53.8 billion, 13 percent higher than P47.7 billion a year ago, on the strength of robust revenue gains on mobile data and broadband, as more customers adopted a digital lifestyle.Globe posted its highest ever consolidated service revenues of P27.6 billion in the second quarter of the year from P24.5 billion on year. The mobile business posted a 10 percent year-on-year growth in revenues to P41.6 billion in the six-month period from P37.8 billion on year, due to the strong contributions across all brands. Globe’s mobile subscriber base reached 48.4 million at the end of June, up a solid 13 percent from 42.7 million a year ago driven by record gross acquisitions this period. The healthy growth in mobile revenues was fueled by the surge in mobile data revenues, which reached P9.5 billion as of end-June, up a solid 53 percent from P6.2 billion reported a year ago. Broadband revenues stood at P7.6 billion as of end June 2015, with total subscriber base now reaching close to 3.5 million. The solid growth in revenues was driven by subscriber expansion in both the wireless, increasing by 64 percent and wired services by 14 percent. Globe’s fixed line data business increased 20 percent to P3.1 billion in the first half of the year from P2.6 billion last year, due mainly to the expansion in circuit count and increased usage triggered by the strong demand for data connectivity, managed services and cloud solutions.