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May 26, 2015 10:48 AM ET

Media

Company Overview of ABS-CBN Corporation

Company Overview

ABS-CBN Corporation, together with its subsidiaries, engages in the television and radio broadcasting business in the Philippines, the United States, the Middle East, Europe, Australia, Canada, and Japan. The company operates through three segments: TV and Studio Entertainment, Pay TV Networks, and New Businesses. It also offers cable and satellite programming, money remittance, trading, telecommunications, music and print publishing, content development and programming, educational/training, interactive media, and support and call center services. In addition, the company provides restaurant and food, broadband Internet, merchandising, and mobile services; and marketing, sales, and advertis...

ABS-CBN Broadcasting Center

Sgt. Esguerra Avenue corner Mother Ignacia Street

Quezon City,  1100

Philippines

Founded in 1946

5,735 Employees

Phone:

63 2 924 4101

Key Executives for ABS-CBN Corporation

ABS-CBN Corporation does not have any Key Executives recorded.

ABS-CBN Corporation Key Developments

ABS-CBN Corporation Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Full Year of 2015

ABS-CBN Corporation reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, net income rise by an annual 5.8%, helped by advertising revenues and a cut in production costs. Profit went up to PHP 569 million from PHP 538 million in the same period last year. The group’s revenues rose by 2.4% to PHP 8.4 billion years on year. It generated PHP 4.3 billion in ad revenues alone, up 3.5% from a year ago. Net income attributable to equity holders of the parent company was PHP 667.7 million or PHP 0.804 per basic and diluted share against PHP 626.7 million or PHP 0.749 per basic and diluted share in the same period last year. Income before income tax was PHP 739.12 million against PHP 641.867 million a year ago. Net cash provided by operating activities was PHP 1,800.5 million against PHP 1,416 million a year ago. Additions to property and equipment were PHP 1,305.7 million against PHP 885.8 million a year ago. EBITDA was PHP 1,823 million against PHP 1,764 million a year ago. For the full year of 2015, the company is keeping its profit outlook of PHP 2.4 billion, which represents a 20% annual increase.

ABS-CBN Corporation, Q1 2015 Earnings Call, May 07, 2015

ABS-CBN Corporation, Q1 2015 Earnings Call, May 07, 2015

ABS-CBN Corporation Declares Cash Dividend, Payable on or before May 18, 2015

ABS-CBN Corporation declared a cash dividend of PHP 0.004 per preferred share to preferred share holders of record as of May 11, 2015 and payable on or before May 18, 2015. This represents the 2% per annum dividend based on the issue price of the preferred shares.

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