ABS-CBN Corp. on Thursday reported a 7 percent increase in net income for the first quarter of the year to P538 million from P503 million posted in the first quarter of 2013.
The company credited the strong performance of its film business, global distribution, and pay-TV networks for much of the profit growth, with net revenues up at P8.2 billion from 7.9 billion in the comparative year-earlier period.
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