.....

nufnang

nuffnang

Tuesday, November 15, 2011

ABS-CBN CORP. Q3 NET INCOME P40 MILLION HIGHER THAN GMA NETWORK!

For third quarter of 2011 ABS-CBN Corp's  net income amounted to P562 million down  11% from P635 million in the same period last year. However this is still better than rival GMA Network (click here) which netted P525 million in Q3. The drop on both media giants were blamed from the global economic turmoil which trimmed advertisement budgets of Multi-national companies.


The Lopez-led broadcasting network said net profit in January to September dropped by 23 percent to P2.2 billion from P2.9 billion in the same period last year.

The company's consolidated revenues from advertising and consumer sales amounted P21.1 billion in the first nine months, down by 15 percent compared to a year ago.

While the third quarter revenues amounted to P7.2 billion from P7.9 billion in the same period last year.

Of the total revenues, advertising sales amounted to P13.4 billion, down by 21 percent from a year ago due to the absence of political ads. Consumer sales amounted to P7.8 percent, down by 1 percent compared to a year ago.

Less the revenues from political advocacy and advertisements last year, consolidated revenues in the nine months declined by 3 percent year-on-year.

ABS-CBN also said that Sky Cable continued to contribute positively with revenues increasing by 10 percent to P3.2 billion mostly because of higher broadband service subscriptions, which increased by 21 percent year-on-year.

The network's total operating and other expense in the nine months period amounted to P16 billion, an 8 percent decline year-on-year.

Of the total, the company's total production costs up by 18 percent to P7 billion due to higher programming costs, particularly of primetime and noontime programs.

While cash production costs went up by P952 million or 20 percent year-on-year, mostly from increase from talent fee adjustments and from new programs that brought talent fees, equipment rentals and service fees, and other expenses substantially higher.

In the first nine months, the network's capital expenditures (capex) and film and program rights acquisition amounted to P3.2 billion, 30 percent higher than the level of spending from the previous year.

ABS-CBN maintained its national audience share and ratings leadership with prime-time audience share averaging 42 percent in the nine months of 2011, with a 12 percentage point lead over GMA’s, based on the Kantar National TV Ratings figure.

ABS-CBN Film Productions, Inc. released 12 films from January to September of this year.

Five of them –Ang Tanging Ina Mo Last Na To, Dalaw, Catch Me I’m in Love, In The Name of Love and No Other Woman – topped P100 million in box office receipts, earning blockbuster status by local standards. No Other Woman, a co-production with Viva Films, grossed P275 million. (PNA) RMA/DGA

8 comments:

yes said...

ABS-CBN maintained its national audience share and ratings leadership with prime-time audience share averaging 42 percent in the nine months of 2011, with a 12 percentage point lead over GMA’s, based on the Kantar National TV Ratings figure....

this is RYT...

yes said...

GMA SURVIVOR PHIL...nag start n kgabe 11.14.2011 kaso HNDE man LNG TRENDINGGGGGGGGGGGG...........


heheheh BASTA BUDOY..BE HAPPY!!!

Anonymous said...

INILIPAT ANG AMAYA NG TIMESLOT...DAHIL VERY OBVIOUS hindi nito kinakaya ang powers ni budoy....

rigudon ang programa sa syete...hahahaha...

Anonymous said...

ang abs-cbn 2 ang tunay na no.1....


yung sinasabi ng gma 7 na no.1 sila...ilusyon lang...

bakit hindi sila ang malaki ang kita?

Anonymous said...

tuloy tuloy na talaga ang pagiging #3 ng GMA.


ay may survivor na pala sa philippines?

kanoodles ang #3

Anonymous said...

hey financial experts, is the P40m that big of an advantage?
consider these points
1. how many companies did contribute to the P2.2b of ABS and how many companies contributed on the P1.5b of GMA? Star cinema and records, TFC, skycable, channel 2, and a a bunch of other companies for ABS. as for GMA Channel 7 and GMA films and records are the only sizable entities.
2. how much was their expenses? 16b for ABS and only 10b for GMA. the 700m difference was obtained by spending 6b more? that's a ridiculous way of increasing the income for me.
3. if you would only get their CORE INCOMES GMA is at level will ABS. ABS sold SkyCable shares worth 600m+. the proceeds were ADDED to the INCOME of ABS which is not part of the CORE OPERATIONS of ABS. GMA never had any substantial investment liquidation for your info.
try to think of those financial experts. lol!!!!!1

Anonymous said...

weeee..
nabasa nyo ba nang mabuti ang article???
headline lang yong sinabing abs-cbn P40M higher than the gma but in fact, compared last year 11% lugi sila..
hahahahahahahah..
people, understand the article please..
to think, abs-cbn believed that they are a BIG corporation, lugi pa rin!!!
wahahahahahha..

Anonymous said...

Good artіcle. I'm dealing with some of these issues as well..

Look at my site ... Pay Day Loans
Here is my webpage ; Payday Loan

KPOP

My Blog List

LinkWithin

Related Posts with Thumbnails