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April 19, 2015 5:15 PM ET

Media

Company Overview of GMA Network, Inc.

Company Overview

GMA Network, Inc., together with its subsidiaries, primarily engages in radio and television broadcasting, recording, film production, and other information and entertainment activities in the Philippines and internationally. It operates through three segments: Television and Radio, International Subscription, and Other Businesses. The company is also involved in the production of television (TV) programs; music recording, publishing, and video distribution; design, construction, and maintenance of sets for TV, stage plays, and concerts; events management; sales implementation; and provision of film syndication, transportation and manpower, pre-and post-production, and traffic and monitoring...

GMA Network Center

2nd Floor

EDSA Corner Timog Avenue

Diliman

Quezon City,  1103

Philippines

Founded in 1950

Phone:

63 2 982 7777

Fax:

63 2 333 7661

Key Executives for GMA Network, Inc.

GMA Network, Inc. does not have any Key Executives recorded.

GMA Network, Inc. Key Developments

GMA Network, Inc Declares Cash Dividends, Payable on May 19, 2015; Reports Consolidated Earnings Results for the Year 2014

The board of directors of GMA Network, Inc. approved the declaration of cash dividends at PHP 0.25 per share, payable on May 19, 2015 to shareholders on record as of April 24, 2015. The company also reported consolidated earnings results for the year 2014. For the year, the company reported a net income of PHP 1.01 billion, down from PHP 1.67 billion a year ago. Revenues dropped 8% to PHP 11.939 billion, while net income settled at PHP 1.010 billion primarily due to the absence of political advertisements.

GMA Network, Inc. Announces Board Changes

GMA Network, Inc. announced the election of Mr. Michael John R. Duavit as Director to fill the position vacated by Ms. Judith D. Vazquez. The effective date of appointment is March 30, 2015.

GMA Network, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Six Months Ended September 30, 2014

GMA Network, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, net revenues were PHP 3,140,732,895 against PHP 3,027,362,661 a year ago. Income before income tax was PHP 596,734,899 against PHP 511,947,889 a year ago. Net income attributable to equity holders of parent company was PHP 421,608,932 PHP 0.087 per diluted share against PHP 352,741,841 PHP 0.073 per diluted share a year ago. The Network ended the third quarter with an EBITDA of PHP 972 million, surpassing the previous quarter's figure by 31%. For the nine months, net revenues were PHP 8,906,257,845 against PHP 9,752,385,112 a year ago. Income before income tax was PHP 1,446,197,532 against PHP 2,151,511,151 a year ago. Net income attributable to equity holders of parent company was PHP 1,001,222,120 PHP 0.206 per diluted share against PHP 1,487,875,424 PHP 0.306 per diluted share a year ago. Net cash provided by operating activities was PHP 1,213,044,925 against PHP 3,046,200,226 a year ago. Acquisitions of property and equipment were PHP 440,271,877 against PHP 494,660,550 a year ago. EBITDA was PHP 2,538.0 million against PHP 3,137.7 million a year ago.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
June 24, 2014
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