GMA Network’s tech unit posts 327% profit growth

GMA New Media Inc. (NMI), the technology arm of broadcast giant GMA Network, said its consolidated profit in the first 11 months of the year grew 327 percent from a year earlier, boosted by content partnerships.

In a statement, GMA’s wholly owned subsidiary said its consolidated profit increased to P37.4 million in the January to November period, 327 percent higher than that of the previous year and following a 621 percent profit growth for full-year 2015.