MANILA, Philippines - ABS-CBN Corp. has set a profit target of P1.8 billion to P2 billion for this year, as the broadcasting giant expands to digital TV, mobile phone business and theme parks.
ABS-CBN says profit will beat analysts' expectations in part because of strong movie revenue, saying Star Cinema gave it a very strong January.
This year's profit guidance is steady from last year's P2 billion, which ABS-CBN group chief finance officer Ron Valdueza says would beat analyst estimates.
On Monday, ABS-CBN listed on the Philippine Dealing and Exchange Corp. P6 billion worth of retail bonds it issued two weeks ago.


















