Quezon City, Philippines – The consolidated net income of ABS-CBN Corporation registered P1.708 billion for 2012, down by 29% compared with P2.420 billion in 2011. Removing the effects of the gain from the sale of investments recognised in 2011 amounting to P1.032 billion, net income increased by 23%. According to the company, the growth in recurring income was fuelled by strong advertising revenues and consumer sales. ABS-CBN generated consolidated revenues of P31.7 billion from … [Read more...] about ABS-CBN reports recurring income growth for 2012