GMA doubles income to over P2B


GMA Network Inc. enjoyed robust growth in 2015, recording a two-fold increase in net income after tax as it earned more than P2 billion for the full year.

GMA chairman Felipe Gozon told reporters on the sidelines of an event in Makati that 2015 had been a good year for the media network.

“Our net income is more than 100 percent of 2014’s,” Gozon said.

GMA earned P1.01-billion income after tax in 2014, down almost 39 percent compared to 2013.

Having earned more than P2 billion in 2015, Gozon said GMA is bracing for another good year in 2016.

Even just two months into the year, the forecast is already looking good, he said.

The broadcast giant expects to do better this year and is even hoping for another 100 percent growth or more by the close of 2016, Gozon said.

“January and February is already better,” he noted.

In a previous interview, Gozon has said GMA was gearing towards shifting to digital. When asked for an update on such a plan, he said GMA was not in a rush to execute the shift.

However, he said the digital shift could be expected to happen within the year.

“Digital shift, we are working on that. Within this year siguro, hindi kami nagmamadali [Perhaps this year, we are not in a hurry],” Gozon said.


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