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Saturday, May 5, 2012

ABS-CBN PUBLISHING PROFITS FELL 6% TO P20.75 MILLION!

ABS-CBN Publishing reaped a profit of P20.75 million, down by 6.28% from P22.14 million in 2010.

The company earned a consolidated revenue of P378.04 million from P385.06 million. Advertising composed the bulk of the revenues of the firm, followed by circulation.

Meanwhile, expenses fell by 0.7% to P348.91 million from P351.36 million in the previous year.

ABS-CBN Broadcasting shares plunged by 5% to P38.00 apiece on Friday from its previous close.
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