CR05251-2014

SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-Q

QUARTERLY REPORT PURSUANT TO SECTION 17 OF THE SECURITIES
REGULATION CODE AND SRC RULE 17(2)(b) THEREUNDER

1. For the quarterly period ended
Jun 30, 2014
2. SEC Identification Number
1177
3. BIR Tax Identification No.
000-768-480-000
4. Exact name of issuer as specified in its charter
GLOBE TELECOM, INC.
5. Province, country or other jurisdiction of incorporation or organization
PHILIPPINES
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
27th Floor, The Globe Tower, 32nd Street corner 7th Avenue, Bonifacio Global City, Taguig Postal Code 1634
8. Issuer's telephone number, including area code
(632) 797-2000
9. Former name or former address, and former fiscal year, if changed since last report
n/a
10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common Stock P50.00 par value 132,681,827
Preferred Stock P5.00 par value 158,515,021
11. Are any or all of registrant's securities listed on a Stock Exchange?
Yes
No
If yes, state the name of such stock exchange and the classes of securities listed therein:
Philippine Stock Exchange (Common stock, Preferred Stock)
12. Indicate by check mark whether the registrant:

(a) has filed all reports required to be filed by Section 17 of the SRC and SRC Rule 17 thereunder or Sections 11 of the RSA and RSA Rule 11(a)-1 thereunder, and Sections 26 and 141 of the Corporation Code of the Philippines, during the preceding twelve (12) months (or for such shorter period that the registrant was required to file such reports)

Yes
No
(b) has been subject to such filing requirements for the past ninety (90) days
Yes
No

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

Globe Telecom, Inc.GLO

PSE Disclosure Form 17-2 - Quarterly Report References: SRC Rule 17 and
Sections 17.2 and 17.8 of the Revised Disclosure Rules

For the period ended Jun 30, 2014
Currency (indicate units, if applicable) Php Thousands
Balance Sheet
Period Ended
Fiscal Year Ended (Audited)
Jun 30, 2014 Dec 31, 2013
Current Assets 35,432,247 35,631,202
Total Assets 164,172,976 159,078,933
Current Liabilities 52,470,385 54,989,331
Total Liabilities 120,595,255 117,439,682
Retained
Earnings/(Deficit)		 9,575,826 7,715,286
Stockholders' Equity 43,577,721 41,639,251
Stockholders' Equity - Parent 34,478,207 34,402,396
Book Value per Share - -
Income Statement
Current Year
(3 Months)
Previous Year
(3 Months)
Current Year-To-Date
Previous Year-To-Date
Operating Revenue 24,465,021 23,163,044 47,695,159 44,531,549
Other Revenue 1,243,348 934,772 2,373,339 2,036,960
Gross Revenue 25,708,369 24,097,816 50,068,498 46,568,509
Operating Expense 20,561,872 23,568,002 40,794,997 45,390,902
Other Expense -468,301 -394,818 -647,239 -612,927
Gross Expense 20,093,571 23,173,184 40,147,758 44,777,975
Net Income/(Loss) Before Tax 5,614,798 924,632 9,920,740 1,790,534
Income Tax Expense 1,729,040 170,253 3,085,989 380,113
Net Income/(Loss) After Tax 3,885,758 754,379 6,834,751 1,410,421
Net Income Attributable to
Parent Equity Holder		 3,886,245 754,379 6,835,891 1,410,421
Earnings/(Loss) Per Share
(Basic)		 29.24 5.18 51.39 10.53
Earnings/(Loss) Per Share
(Diluted)		 29.16 5.18 51.29 10.53
Other Relevant Information

This report contains Management's Discussion and Analysis of Financial Condition and Results of Operations for the six months ended June 30, 2014.
Filed on behalf by:
Name Jose Mari Fajardo
Designation Director