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Annual Report - Local TV Stations

GMA Network records 40% profit drop
April 10, 2012

LISTED BROADCASTER GMA Network, Inc. saw 2011 profits fall by nearly 40% from the year previous due to the absence of political advertisements, documents released on Tuesday showed.
The company's net income after tax stood at P1.715 billion last year, down by 39.01% from P2.812 billion recorded in 2010.

:bop: :bop:

ABS-CBN nets P2.4 billion for 2011

MANILA, Philippines - ABS-CBN Corp., the country’s largest multimedia conglomerate, posted a 25% decline its 2011 earnings due to the absence of political advertisements that boosted its performance the year before.

ABS-CBN ended last year with a net income of P2.4 billion, down from its record income of P3.2 billion in 2010.

:bop: :bop:

[highlight]2010 Performance (with political ads)[/highlight]
  • 3.2 billion income - ABS-CBN (2010) source *okay*
    87% increase

  • 2.8 billion income - GMA7 (2010) source
    0.1% increase

[highlight]2011 Performance (without political ads) [/highlight]
  • 1.7 billion income - GMA Network (2011) source
    (40% decline)

  • 2.4 billion income - ABS-CBN (2011) source *okay*
    (25% decline)


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