Cardboard roofs and plywood floors cramped beneath the majestic backdrop of San Francisco’s high-rise apartments, sparkling condominiums and million-dollar homes are captured in the “Balitang America” documentary, “Box City.” It is also an encampment that people in the community call home.
Rockwell Land Corporation registered P12,201 million in consolidated revenues, higher by 14% from last year’s P10,721 million, for the nine months ended September 30, 2018 and 2017.
(Story/Photos by: Carla Paras-Sison)
First Philippine Holdings Corporation posted higher revenues for the first nine months of the year, driven by stronger electricity sales from First Gen’s natural gas plants. The natural gas platform of First Gen accounted for $140 million in recurring earnings during the period. Meanwhile, ABS-CBN Corporation continued to face the challenge of an industry-wide decline in advertising sales. None theless, ABS-CBN programs continuously filled out the top 10 highest rating programs in September 2018 led by “FPJ’s Ang Probinsyano” which received an average national TV rating of 41.6%.
First Gen Corporation reported improved recurring net income attributable to equity holders of the parent at $180 million (P9.4 billion) in the first nine months of 2018. This was a 45%, or $56 million (P3.2 billion) jump from $124 million (P6.2 billion) in 2017. The company’s natural gas platform surged and delivered recurring earnings of $140 million (P7.3 billion) versus $87 million (P4.4 billion) previously.
Energy Development Corporation (EDC) reported consolidated revenues of P27.7 billion for the first nine months of 2018, higher by 13% from the same period last year.