LISTED Lopez Holdings Corp. on Tuesday said its net income in 2016 rose 6 percent to P6.5 billion from the P6.2 billion recorded in 2015, buoyed by the steady performance of units First Philippine Holdings Corp. and ABS-CBN Corp.

In a disclosure to the Philippine Stock Exchange (PSE), Lopez Holdings said its subsidiary First Holdings recorded an 84-percent increase in net income attributed to stockholders of the parent to P9.9 billion, boosted by arbitration settlement proceeds and collection of liquidated damages, among others.

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