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Wednesday, November 16, 2011

WEAK AIRTIME SALES IN OCTOBER CUTS ABS-CBN NET NCOME FORECAST FOR 2011!

MANILA, Philippines – The fallout from a weakening global economy and intense competition were cited among the reasons for lower net income expectations for 2011 by broadcasting firm ABS-CBN Corp.

At a  press briefing on Monday, officials said the company is looking to post  lower net income, ranging from P2.4 billion to P2.6 billion, compared to 2010’s  P3.17 billion.

Rolando Valdueza, chief financial officer, said intense competition and the impact of the global economic malaise on the local economy, are among those behind the lower expectations.

For the first time in years, the country’s strongest investment and trade partners---the United States, Europe and Japan—have been simultaneously  experiencing weaker recovery, a debt crisis and, in Japan’s case, slower production as a result of natural disasters. On Monday, Japan reported modest growth for the first time, however, indicating it was on the road to recovery.

The Middle East and North Africa, which host millions of Filipino workers, have also been problematic since early this year, with unrest sweeping, and regime change happening, in several countries.

According to the ABS-CBN statement, in the third quarter alone, net income declined to P562 million from P635 million year on year. This pulled down its nine-month profit to P2.2 billion from the P2.9 billion recorded in the same period last year.

“October is high double-digit decline. Hopefully, November will be a small decline. December could still be [a decline] although it may seem single digit. If you look at the scenario this year, the local economy is down but we are hopeful that the improvement in airtime sales that we are seeing this month will go on until next year,” Valdueza said at the briefing.

ABS-CBN said it is looking at major improvements this year to bring the company on track again. “We are banking on next year as we will pursue to be more aggressive. We are going to fix our noontime and after-noontime shows,” Valdueza added.

ABS-CBN’s statement said January-September revenues reached P21.1 billion, or 15 percent lower than a year ago. With lower revenues from political advocacies and advertisements compared to last year, consolidated revenues declined by three percent year-on-year.

The company posted advertising revenues of P13.4 billion, or 21 percent lower than a year ago, which was an election year.  Less the revenues from political advocacies and advertisements, advertising revenues  declined by 4 percent year-on-year.   The company traced this decline to a slowdown in advertising  spending by corporates.

In contrast, the network’s cable arm, Sky Cable, saw revenues rising 10 percent to  P3.2 billion, driven mostly by the increased take up of its broadband service subscriptions which grew 21 percent year-on-year.

Meanwhile, the company reported total operating and other expenses declining by P1.4 billion or eight percent  year-on-year to P16 billion. 

Capital expenditure and film and program rights acquisition for the nine-month period reached P3.2 billion,  or 30 percent higher than the level of spending  the  previous year. 

13 comments:

yes said...

GMA kya..heheheh..mas baba jan im suREEEE...bwaAAAAAAAhhhhhhh

Anonymous said...

abs-cbn 2 is so honest....hindi gaya ng iba dyan na puro yabang hahahah...

LONG said...

P1.58 BILLION - GMA TOTAL NET INCOME 2011

P2.2 BILLION - ABS-CBN TOTAL NET INCOME FOR 2011 MINUS - SKY CABLE 674 MILLION. = 1.526 BILLION

so 1.58B sa GMA
at 1.56B sa ABS

GRABE HUH ANG DAMING SUBSIDIARIES NG BULOK NA NETWORK PERO OLATS PA RIN SA KITA.

EH NUMBER 2 NALANG KASI SA KANTAR!



BWAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA!

Anonymous said...

si bobong long di makapag move on sa skycable, hala cge kahit ano gawin mo 2.2B is 2.2B, wala ng magbabago bobong long!

1.5B vs 2.2B? kawawang gmew kahit anong declare nila number 1 sila sa mega manila at nationwide di man lang nagrreflect sa kinikita nito.

lahat ng financial statement nila naka post na sa pse at sec kaya ano sinasabi ng isang bobo siya? wala! olats kasi!


mamatay ka sa ingit bobong long!!!!

partida na yan ah nagsibabaan ung sa abs pero mas mataas pa deb kesa sa gmeww? ang importante sa lahat ang ads revenue kung saan naglalagay ng ng com load sa bawat station. bakit mas mataas pa den ang ads rev ng abs sa q3 bobong long? akala ko ba number 1? ulol ang ratings nu...

sa inu ang ratings samin ang kita haha...

wahahahahahahah.......

LONG said...

AKO MAMAMATAY SA INGGIT???!!!!


MAY SCANDAL NA NGA SA DBP LOAN,
TALO PA SA MGA TINANGGAL NILANG MGA EMPLEYADO,
MAY UTANG NA 10 BILLION.
UMUTANG PA PARA BAYARAN ANG LOAN.
MAY 1 BILLION TAX NA KAILANGAN BAYARAN.
NAG BENTA NG SHARE NG SKY CABLE PARA PAGTAKPAN ANG LUGING NETWORK.
NALAGAS ANG BIG STARS.
SIRANG SIRA ANG KAPAMILYA TANSO.
BAGSAK ANG NATIONAL RATINGS
BUNDLED ADS SA ADVERTISERS
MANLILINLANG
MAPANIRA
MANLOLOKO
MAMAMATAY TAO

KADIRIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII!!!!!!!!!!!!!!!!!!




BWAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA!

Anonymous said...

^
tama mamatay ka talaga sa ingit


kabitteran na lang ang ginagawa mo tanga...

hindi maka move on sa skycable? di makamove on sa net income ng abs? di maka move on na mas mataas ang kinikita ng abs sa ads nito kesa sa gmeww? di mo maisip no na number 1 kau pero lagapak naman sa ads haha... di maka move on sa utang? im sure lagi mo pinagdadasal na sana di makabayad sa utang, pwes kahit ano dasal mo, nakakabayad ng utang abs mataas ang net eh haha... di maka move on sa tax? kapwa mo kanguso di den nagbabayad ng tax plus ntc pa haha...

MOVE ON BOBONG LONG

kahit kelan lagi kau naiingit sa abs-cbn haha...

cge pa bobong long ilbas mo na ang sama ng loob mo baka sumabog na yan sa sobrang kabitteran haha...


ingit bobobg long

Anonymous said...

Bakit kailangang i-deduct ang earnings ng SkyCable? Last time I checked part siya ng ABS-CBN.

Anonymous said...

abscbn is a corporation means lahat ng SUBSIDIARIES nila eh total na sa net income nila- bakit ang baba....sa dami ba naman sister network like studio 23, etc- kumikita kaya ang mga yun

Anonymous said...

hala ang 2 nsa mt manunggal na, kongrats sa GMA news tv kc marami na rin ang ads,halos laht na ng shows dito ay may ads,!

Anonymous said...

pano kaya kumukita ang ibang sister ng abscbn- eh halos walang ads ang studio 23.....sa TV5 din- ung willtime bigtime at glamarosa lang ang nakikita kong may ads.....omg....million or billion ang nauubus nila jan.....

Anonymous said...

^
sure ka?

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Anonymous said...

,,,,,mga walang hiya yon mga kapuso ,,, kya lng nman nkahabol sa ratings e kasi dinadaya,,,,,, mga walang hiya,,,,,, hlata nman na numbr 1 ang abs ehhh mrmi and ads,,,,,

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