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Article: Philippine Media Co. ABS-CBN net income up 8 pct in half year
- Article from:
- Xinhua News Agency
- Article date:
- August 12, 2009
CopyrightCopyright 2009 Xinhua News Agency. Provided by ProQuest LLC. (Hide copyright information)
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Philippine Media Co. ABS-CBN net income up 8 pct in half year
MANILA, Aug. 12 (Xinhua) -- ABS-CBN Broadcasting Corp., the
Philippines' biggest multimedia conglomerate, posted net income of
813 million pesos (about 17 million U.S. dollars) in the first half,
up 8 percent on year, company officials reported Wednesday.
In a disclosure to the Philippine Stock Exchange, ABS-CBN
reported its consolidated revenues in the first six months of the
year rose 14 percent on year to 11.7 billion pesos (about 245
million U.S. dollars), thanks to an increase in advertising
placements and direct sales.
Airtime revenues from all platforms reached 6.72 billion pesos
(about 140 million U.S. dollars), up 6 ...