MANILA, Philippines - ABS-CBN Corp. on Thursday reported lower first quarter earnings due to the absence of election-related advertisements.
The country's largest multimedia conglomerate said consolidated net income during the first 3 months of 2011 fell 10% from a year ago to P976 million as revenues went down 15% to P6.6 billion.
However, stripping out one-time gains, core net income was P302 million, up 12% versus last year's recurring earnings of P269 million, ABS-CBN chief finance officer Rolando Valdueza said in a briefing.
Valdueza said advertising revenues for the period declined 21% to P4 billion. Taking out placements made by political candidates running for last year's elections, advertising revenues this year went up 10% due to higher minutes sold and a programmed rate increase.
Consumer sales, in the meantime, fell 5% to P2.5 billion on a 15% decline in revenues of ABS-CBN Global, which was hit by the appreciation of the peso against the US dollar and a cut in subscriber base.
ABS-CBN's total expenses fell 13% to P4.7 billion due to cost management efforts, while capital expenditures surged 82% to P886 million.
ABS-CBN said it maintained its national audience share and ratings leadership with prime-time audience share averaging 41% in the first quarter, based on Kantar Media National TV Ratings' figures.
For 2011, the Lopez-led company has set a profit target of P3.1 billion to P3.2 billion.
ABS-CBNNEWS.com
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25 comments:
Wow! Bumaba pa yan kasi hindi wala ng campaign period ngayon. Tandaan, this is a "NET" income....
Magaling ang financial management ng ABS CBN ngayon. Kahit na naapektuhan ito dahil sa paglakas ng piso ay namage pa rin nilang makakuha ng almost 1 billion NET INCOME.
oh hala mga Kanguso--- KUHA NYO??? bwahahahahahaha!!!
yan ang katotohanan..dyan malalaman kung sino talaga ang no.1 sa mata ng mga advertisers at ng PUBLIKO...
paulit ulit kong sinasabi ...
HINDI MALILINLANG NG MGA PRAISE RELEASES AT NG FAKE NA RATINGS ANG MGA TELEVIEWERS AND ADVERTISERS...
COMPUTER AGE NA NGAYON...HINDI NA MANGMANG ANG MGA TAO.
3B ang Net income nila last yr and NOW almost 1B na ang first 3 months despite BAGSAK ang ratings sa UMAGA at NOONTIME...Grabe talaga ang impact ng PRIMETIME....
paki bigyan natin ng emphasis ang :
ABS-CBN delivered consolidated revenues of P6.6 billion from advertising and consumer sales
kasi yung iba, pang bobo ang praise release kaya misleading
lugi pa ang abs-cbn nyan sa daytime =)
congrats abs-cbn
Sana ayusin na nila ang afternoon block para naman aangat ng konti ang pang hapon kasi parang nakontento na sila sa Movies....
Nasaan naba ang Kapamilya Gold naging tanso naba?
im expecting na mas mataas ang net income ng syete kasi bayad na ata 6months nila di ba? in short, prepaid hahaah
pero in terms of consolidated revenue, olats..
let's hear it from an abs-cbn employee:
ABS-CBN Corporation is a conglomerate of different companies, please do not compare our operating income to GMA-7′s. It is greatly incomparable.
As for the debt, our debt-to-asset ratio is very healthy. We needed the financing option because it’s healthy, and a company’s debt is an indication of its capacity to pay and its commitment to expansion through capital expenditures. If you are a good steward of your company, you will consult your CFO to see if a debt will indeed be more advantageous rather than using your own company’s earnings to pay for CAPEX – and usually getting financing options is more rewarding than spending money of your own.
This is not a household, this is a company we’re running. If a company has visions for expansion, you need to get the trust of banks to finance your expansion. ABS-CBN has great visions for expansion. We are through with basic TV productions. We are now looking for other avenues of growth. We have set the standards and now others are cramming to chase our achievements.
For the labour dispute, you do not know what happened. There are two sides of every story so we must let the courts decide. The rally happened last time because they heard we were given profit shares that are really lucrative and the laid-off staff cannot accept the fact that ABS rewarded our hardwork amidst the case hearing.
We are in the service of the Filipino worldwide. There are politics inside the company but you cannot deny the public service we commit for all Filipinos. We are most of the time, if not all the time, the first to help and reach out remote areas. We dont stop helping unless our help is not needed anymore.
We dont advertise all of the help we extend to our fellowmen.
All of you are bound to your opinions. But please, watch your language because ABS-CBN does not deserve to be badmouthed as well as other companies.
MALAKING SUPALPAL SA MGA GMEWWW FANs!
My Girlfriend is a Gumiho - 19 ad minutes
100 Days to Heaven - 16.15 ad minutes
MLKI - 16.15 ad minutes
Mula Sa Puso - 12.45 ad minutes
Congrats ABS...yan ang tunay na press release....
GRABEEE!!! sunod-sunod na ang bad news for kapupo ah:
P&G,UNILEVER,and other huge corporations, LUMIPAT SA KANTAR!!
check out ASAP XV PAGE to see for yourself.
...TAPOS ITONG NEWS!...tamaaa naaa ngaaa!!!nakakaawa na ang mga kapupo o
Admin totoo bang lumipat na ang ibang malalaking advertisers sa Kantar? pls. reply
"We have set the standards and now others are cramming to chase our achievements."
----YUN OH! :)
tingin ko yung post na mula sa isang empleyado ng ABS-CBN ay para sa mga taong di marunong umintindi kung para saan ang loan ng ABS-CBN.. tama ba utot??? hehe
ay sus mga kafams,dapat lng talaga tumaas net nila para sa utang.kayo intiendes nyo ba bakit umutang ang abscbn?nationwide ang abscbn di ba?so dapat mas taas pa sa 10b ang kitain nila..ang gma mega manila lng pero umabot mahigit 2.8b..balance lng yan...lets wait nlng sa press release ng gma,marami na naman ang aatakehin nyan..
utang lang ang alam ng pupu fantard...
sabagay sanay na sila sa cheap shows at walang magpapa-utang sa kanila
Anonymous said...
ay sus mga kafams,dapat lng talaga tumaas net nila para sa utang.kayo intiendes nyo ba bakit umutang ang abscbn?nationwide ang abscbn di ba?so dapat mas taas pa sa 10b ang kitain nila..ang gma mega manila lng pero umabot mahigit 2.8b..balance lng yan...lets wait nlng sa press release ng gma,marami na naman ang aatakehin nyan..
______________
Ang bobo mo, GMA is broadcasting NATIONWIDE kaso MEGA MANILA lang sila well-patronized.
Kaya nga may regional networks na rin sila.... KABOBO MO TALAGA... TATAK KAPUPU TALAGA.
@anon
"ay sus mga kafams,dapat lng talaga tumaas net nila para sa utang.kayo intiendes nyo ba bakit umutang ang abscbn?nationwide ang abscbn di ba?so dapat mas taas pa sa 10b ang kitain nila..ang gma mega manila lng pero umabot mahigit 2.8b..balance lng yan...lets wait nlng sa press release ng gma,marami na naman ang aatakehin nyan.."
-----
oo, naiintindihan namin bat umuutang ABS. Eh, malamang ikaw hinde ksi BOBO ka saksakan ka ng BOBO. Mega manila
lng ba GMA, ahahaha. Bobo!!! spell BOBO, ay wag na ksi di mo rin alam spelling nun. ahahaha
AGB-GME Noon
BOBO-GME Ngayon
UTANG PATROLERS LABAS!!!!!!!!!!!!!!!!!
LOL, XD
bat nawala to at ngayon ay nagbalik....
from an abs-cbn employee:
ABS-CBN Corporation is a conglomerate of different companies, please do not compare our operating income to GMA-7′s. It is greatly incomparable.
As for the debt, our debt-to-asset ratio is very healthy. We needed the financing option because it’s healthy, and a company’s debt is an indication of its capacity to pay and its commitment to expansion through capital expenditures. If you are a good steward of your company, you will consult your CFO to see if a debt will indeed be more advantageous rather than using your own company’s earnings to pay for CAPEX – and usually getting financing options is more rewarding than spending money of your own.
This is not a household, this is a company we’re running. If a company has visions for expansion, you need to get the trust of banks to finance your expansion. ABS-CBN has great visions for expansion. We are through with basic TV productions. We are now looking for other avenues of growth. We have set the standards and now others are cramming to chase our achievements.
For the labour dispute, you do not know what happened. There are two sides of every story so we must let the courts decide. The rally happened last time because they heard we were given profit shares that are really lucrative and the laid-off staff cannot accept the fact that ABS rewarded our hardwork amidst the case hearing.
We are in the service of the Filipino worldwide. There are politics inside the company but you cannot deny the public service we commit for all Filipinos. We are most of the time, if not all the time, the first to help and reach out remote areas. We dont stop helping unless our help is not needed anymore.
We dont advertise all of the help we extend to our fellowmen.
All of you are bound to your opinions. But please, watch your language because ABS-CBN does not deserve to be badmouthed as well as other companies.
✞RIP✞
A COMPLETE LIST OF AXED ABS-CBN PRIMETIME SHOWS COURTESY OF GMA TELEBABAD.
(Further research was done in order to come up with a true list.)
ABS-CBN Primetime Bida started on the year 1995.
*Ang Panday (2005–2006)
*Bituing Walang Ningning (2006)
*Crazy For You (2006)
*Dyosa (2008–2009)
*Eva Fonda (2008–2009)
*Gulong Ng Palad (2006)
*Habang May Buhay (2010)
*Iisa Pa Lamang (2008)
*Ikaw Ang Lahat Sa Akin (2005)
*Kahit Isang Saglit (2008)
*Kampanerang Kuba (2005)
*Kokey (2007)
*Kokey @ Ako (2010)
*Kung Fu Kids (2008)
*Lastikman (2007–2008)
*Lobo (2008)
*Lovers in Paris(2009)
*Maging Sino Ka Man: Ang Pagbabalik (2007–2008)
*Margarita (2007)
*Maria Flordeluna (2007)
*Mga Anghel Na Walang Langit (2005–2006)
*My Girl (2008)
*Only You (2009)
*Palos (2008)
*Pangarap na Bituin (2007)
*Precious Hearts Romances Presents: Kristine (2010-2011)
*Princess Sarah (2007)
*Rounin (2007)
*Rubi (2010)
*Sabel (2010-2011)
*Sana Maulit Muli (2007)
*Sineserye Presents: (2007–2009)
* Palimos ng Pag-ibig (2007)
* Hiram Na Mukha (2007)
* May Minamahal (2007)
* Natutulog Ba Ang Diyos? (2007)
* Patayin Sa Sindak Si Barbara (2008)
* Maligno (2008)
* Florinda (2009)
*The Wedding (2009)
*Vietnam Rose (2005–2006)
*Walang Kapalit (2007)
*Ysabella (2007–2008)
*1DOL (2010)
✞RIP✞
A COMPLETE LIST OF AXED TELEBABAD SHOWS COURTESY OF ABS-CBN PRIMETIME BIDA.
(Further research was done in order to come up with a true list.)
GMA Telebabad started on the year 2000.
*Adik Sa'Yo (2009)
*All About Eve (2009)
*All My Life (2009)
* Atlantika (2006–2007)
*Beauty Queen (2010–2011)
*Dwarfina (2011)
*First Time (2010)
*Full House (2009–2010)
*Carlo J. Caparas' Gagambino (2008–2009)
*Grazilda (2010-2011)
*Habang Kapiling Ka (2002–2003)
*Hanggang Kailan (2004)
*Ikaw Lang Ang Mamahalin (2001–2002)
*Ilumina (2010)
*Jillian: Namamasko Po (2010-2011)
*Kung Mawawala Ka (2001–2003)
*Langit sa Piling Mo (2010)
*Pablo S. Gomez's Machete (2011)
*Narito Ang Puso Ko (2003–2004)
*Panday Kids (2010)
*Pilyang Kerubin (2010)
*Rosalinda (2009)
*Sana Ay Ikaw Na Nga (2001–2003)
*Sana Ngayong Pasko (2009–2010)
*Te Amo, Maging Sino Ka Man (2004)
*Twin Hearts (2003–2004)
*Zaido: Pulis Pangkalawakan (2007–2008)
*Zorro (2009)
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