MANILA, Philippines – Earnings of Lopez Holdings Corp. nearly doubled in the first 9 months of 2012 from a year ago, due to a one-time gain from the sale of shares in a utility company and the strong performance of its media unit.
In a statement released by the company on Thursday, November 15, Lopez Holdings stated its net income attributable to equity holders of the parent for the January to September period rose 76% to P6.185 billion from P3.513 million last year.
The company said this was primary due to a sixteenfold increase in equity in net earnings of associates to P5.307 billion from P305 million in 2011. The increase followed unit First Philippine Holdings Corp.'s sale of a 2.66% stake in Manila Electric Co. in January this year.
Lopez Holdings said it also saw a 13% increase in its unaudited consolidated revenues from last year to P24.017 billion, thanks to higher contributions from media unit ABS-CBN Corp., which hiked its advertising rates.
Lopez Holdings holds 46.6% interest in First Philippine Holdings, 60.3% in ABS-CBN, and 47.3% in telecommunications firm Bayan Telecommunications Holdings Corp. - Rappler.com
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6 comments:
kip up da good work, kapamilya.
Bonggang-bongga ang ABS-CBN, HINDI dinadala sa Hype na Press at Praise Releases di tulad ng GMA na kahit mag-trend lang sa Philippines ang Show nila eh Praise Release agad. bwahahahhaa. Palakas ng palakas ang Dos habang ang GMA naman ay palugi ng palugi at malapit ng ibenta ni Gozon kay MVP. bwahahahah GMA for Sale, GMA for Sale, GMA for Sale, bigay na ulit kayo ng Sardinas, Noodles at 500 sa mga Kapuso GMA. bwahahahaha
WAGING WAGI ANG KAPAMILYA NETWORK....walang nagawa ang ilusyon, kayabangan at ratings na inilalabas ng KAPUSO NETWORK...
obviously mas pinapaniwalaan ng mga advertisers ang ratings ng KANTAR...WALA KASI ITONG BAHID DUNGIS.....
MAAYOS KASI ANG DATOS NG KANTAR... hindi gaya ng iba dyan hahahah....
akala ata kasi nila mangmang ang mga advertisers and manufacturers...
http://ir.abs-cbn.com/ir/keyofficers.aspx
tingnan niyo yung mga ABS-CBN Executives at i-compare niyo sa mga executives ng GMA... ^_^
http://ir.abs-cbn.com/ir/keyofficers.aspx
PA LIKE!! http://www.facebook.com/pages/Showtime-vs-eat-bulaga/235534419874898?ref=hl
KAC 2012 IS THE YEAR OF ABS CBN!!!!!!!!!!!!!!!
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