Lopez-owned ABS-CBN Corp. reported its net income rose 50 percent in the first nine months of the year on the back of stronger advertising revenues from election-related spending and improved ratings.
The country’s leading media and entertainment company said its net income reached P2.85 billion in the January to September period, or 50 percent from a year earlier. Consolidated revenue for the period was pegged at P31.1 billion.
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