| Lopez Holdings Corporation posted a P4.538 billion in net income attributable to equity holders of the parent in 2012, 15% higher than the P3.955B in net income attributable to equity holders of the parent reported in 2011. The amount includes the company’s share in the gain on sale of Meralco shares by associate First Philippine Holdings Corporation (FPH).
Audited consolidated revenues increased by 13% year on year to P28.395B from P25.143B, as associate ABS-CBN Corporation improved performance amid a growing economy, ratings leadership and strong cable service revenues.
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| Rockwell Land Corporation breached the P1-billion level in net income after tax (NIAT) on the back of strong sales, timely construction completion of existing projects and a solid recurring income business. These have all contributed to this year’s NIAT of P1.1B, which is up by 23% from last year’s P914.9 million.
Rockwell Land generated reservation sales of P9.2B in 2012, achieving a substantial 87% growth from the previous year’s P4.9B. Half of last year’s reservation sales were from new projects 205 Santolan and the Proscenium’s Kirov and Sakura towers.
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| First Philippine Holdings Corporation (FPH) reported net income attributable to equity holders of the parent of P9.6 billion as compared to last year’s P2.1B. The increase in net income compared to last year is due to the gain of P6.1B on the sale of a portion of FPH’s investment in Meralco and the gain on business combination of P2.1B relating to the company’s investment in Rockwell Land Corporation. Recommend this article... |
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|  ABS-CBN Corporation is off to a great start in 2013, coming from a successful 2012, chief executive officer and president Charo Santos-Concio said during ABS-CBN’s annual stockholders’ meeting.
“Even as we review the successes of 2012, we are seeing a great start to 2013,” Santos-Concio, who assumed the CEO post in January, said.
“‘Juan de la Cruz’ and ‘Ina, Kapatid, Anak’ continue to deliver 47% audience shares.‘Be Careful with My Heart’ has changed the face of morning programming, a true game changer,” she said, referring to top-rating ABS-CBN shows.
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