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ABS sees 20% higher earnings this year

24 Mar

BY REGINA CAPITAL DEVELOPMENT CORPORATION

ABS-CBN Corp. (ABS) expects earnings to improve by as much as 20% due to election-related spending activities.

It reported a net income of PHP 2.03 billion last year, meeting its profit guidance for the year.

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Revenues were flat at PHP 33.5 billion.

Without political ads, ABS expects it profit to grow by at least 10%.

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Posted by on March 24, 2015 in ABS, Corporate News, Stock Market

 

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