ABS-CBN Corporation reported PHP17.7 billion consolidated revenues for the first half of 2015, bringing its net income to PHP1.2 billion, 20% higher compared to the same period last year. The company reported higher second quarter revenues of PHP9.3 billion, 11% higher than the revenues generated during the first quarter of this year. “Our performance during the first half was well within our expectations,” said Aldrin M. Cerrado, the company’s Chief Financial Officer. … [Read more...] about ABS-CBN reports revenues
Aldrin M. Cerrado
ABS-CBN plans to offer P5 billion in retail bonds
ABS-CBN Corporation plans to raise P5 billion through a retail bond issue, with an option to increase the amount up to P10 billion to finance its capital expenditure program​me for the next five years. The company will invest in their production forward planning initiative, which includes the construction of sound stages. The company will also use part of the proceeds for the roll out of digital terrestrial TV and the expansion of its pay-TV business through Sky Cable. ABS-CBN Chief … [Read more...] about ABS-CBN plans to offer P5 billion in retail bonds
