(Story/Photos by: Carla Paras-Sison)
Both the First Philippine Holdings Corporation (FPH) Group and ABS-CBN started the year strong with first quarter financial results meeting budget. The FPH Group saw recurring earnings of First Gen rise, while ABS-CBN benefited from election-related advertising. Rockwell Land’s earnings before interest, taxes, depreciation and amortization likewise improved, further enhancing the FPH Group’s performance.