ABS-CBN’s Recurring Net Income Up by 1% for the First Quarter of 2012
May 15, 2012 by ABS-CBN
The consolidated net income of ABS-CBN Corporation, the country’s largest multimedia conglomerate, registered P306 million for the first quarter of 2012, down by 69% compared with P976 million in the same period last year. Removing the effects of the gain from the sale of Sky Cable PDRs recognized in the first quarter of 2011 amounting to P674 million, net income would have increased by 1%.
(Left to right: Head of Customer Development Group Vivian Tin, Chief Finance Officer Ron Valdueza, Head of Financial Planning & Systems Peng Armonia, Head of Comptrollership Paz Balayan, Head of Treasury & Compliance Michael Villanueva at the ABS-CBN 2012 first quarter analysts’ and press briefing.)
ABS-CBN generated consolidated revenues of P7.1 billion from advertising and consumer sales for the first three months, an 8% increase compared to the same period last year.
ABS-CBN’s advertising revenues reached P4.2 billion in the first three months of the year, an increase of 4% from a year ago. Consumer sales for the quarter amounted to almost P3.0 billion, posting a 15% increase from a year ago. Sky Cable continues to contribute positively with revenues increasing by 12% to P1.2 billion. This is mostly driven by the increased take up
of its broadband service subscriptions which increased by 20% year-on-year. ABS-CBN Global revenues likewise increased by 3% year on year on the back of a 3% increase in overall viewer count compared to the previous year. There was double-digit subscriber growth in Canada and single digit growth in all other territories, except Japan and Europe where subscribers
declined.
Total operating and other expenses increased by 10% year-on-year to P6.1 billion brought about by increases in production costs, cost of sales and services , and general and administrative expenses.
As a result of the foregoing, net income attributable to shareholders for the first quarter of the year is at P306 million, 69% lower than last year’s net income of P976 million, but 1% higher than last year’s recurring income of P302 million.
Capital expenditure and film and program rights acquisition for the quarter amounted to P1.1 billion, 22% higher than the level of spending for the same period last year.
ABS-CBN maintained its national audience share and ratings leadership with prime-time audience share averaging 42% in the first quarter of 2012, with a 12 percentage point lead over GMA’s, based on the Kantar National TV Ratings.
For the first three months of 2012, 17 of the company’s shows were in the Top 20, with the following occupying the Top 10 slots: Walang Hanggan, Ikaw ay Pag-ibig, Budoy, My Binondo Girl, Dahil sa Pag-ibig, Eboy,Maalaala Mo Kaya…, TV Patrol (Weekday), Nasaan Ka Elisa, Wansapanataym, Junior Master Chef Pinoy Edition (Saturday) and Rated K Handa Na Ba Kayo?
ABS-CBN Film Productions, Inc. released five films in the first quarter of 2012. Three of them– Enteng ng Ina Mo, Segunda Mano and Unofficially Yours–topped P100 million in box office receipts, earning blockbuster status by local standards.
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34 Responses to “ABS-CBN’s Recurring Net Income Up by 1% for the First Quarter of 2012”
Good job..kapamilya more blessings to come..
sobrang galing talaga ng kapamilya network!! lalo na siguro ngayon na nandyan na si aryana, lalo pang tataas ang revenues at income ng dos.
keep it up, Kapamilya! congrats…at least hindi lugi…
yan ang kapamilya! ewan ko lng sa kapuso at kapatid na yan ha!
oo malaking bagay na ang 1%… it is still a revenue…. pero magkano naman kaya ang makakarating sa shareholders ganung madaming shareholders ang ABS?? for sure they will be getting less compared to last year…. sabe nga 69%drop ang earnings from last year… pero kung aalisin sa revenues ang sales of Skycable, merong pang 1% na increase… buti nalng ma 1 percent pa…
39% ang nalugi ng GME last year malamang lugi pa din hanggang ngayon. hehhehehe
kailangan pa bang i- announce??? at one percent lang sa first quarter??? oh ayan masaya na ang mga uto utong kapams
ahahaha…masakit bang tanggapin na may SKY CABLE ANG DOS? hahaha…..eh bakit ang syete wala?…
FYI, halos 52 % nalugi sa abs-cbn last year kung wala ang one-time gain on sale of sky cable! supalpal ka ano?!
ang tanong, sa kanila pa ba ngayun ang SKYCABLE? hindi na diba, kase ibinenta na nga… kaya wala na silang mapagkukunan ng additional income…. GMA on the other hand, doesnt need to have a skycable to generate profits.
as far as i remember, in accounting, a decrease in profit doesn’t mean it’s lugi…. still, they generate profits but not as much as the previous period… ang lugi eh yung wala na talagang net income…
yes, still a good job for at least gaining an increase in profit despite losing its additional source of income…
they are just showing transparency on their financial status.. that’s why either they incurred profit or loss, they have to show it… it is also for the information of the public…. so wala namang masama…
ang kinita nila ngayun ay above 8% compare to last year from adverstisements. which means na nag gain sila ng profit. kaya lang naman down to 69% sila ngayun dahil hindi included ang kita nila sa Skycable.
ang ABS detailed kung mag report eh ang GME? hello wala ka kasing alam sa Financial Reporting…
whether gain from sale on Asset still an income…. at kahit 52% declined in profit still gainer….. Net Income/(Loss)..since positive ke 100 pesos lang Net Income pa rin..at saka ang laki ng depreciation on asset nila which was deducted from their Net Income ..malaki pa rin ang CASH INFLOWS na nadagdag..haist mga walang alam kasi sa accounting….BOBA
weeh,,,pangit ng aryana..
wow..you mean gma not detailed>>>kw ang di walang alam sa accounting nga…just state me the meaning of accounting according to PAS.PHILIPPINE ACCOUNTING STANDARD..AND DIFFERENTIATE FINANCIAL ACCOUNTING TO MANAGERIAL ACCOUNTING TO COST ACCOUNTING…BRUHA KAH..GMA knows that kasi kattorney ang president ng gma…up.pah iyan…the number one credible institution…in phils,,
ha? ako kinukwestiyon mo eh Accountant ako dito sa California and i am earning 10K USD a month.. PAS? MA, CA and FA? hahaha nagpapatawa ka ba? Atty? do you think he can do FS? haist..nagpapanggap si Rhenz boba
ha? ako kinukwestiyon mo eh Accountant ako dito sa California and i am earning 10K USD a month.. PAS? MA, CA and FA? hahaha nagpapatawa ka ba? Atty? do you think he can do FS? haist..nagpapanggap si Rhenz boba
Oo nmn kailangan e-announce para me transparency db… Yan ang ang ABS…Good job Kapamilya…
you are just an accounting clerk.. hahahha… no wonder..stupid questions made by stupid CLERK… if you want let us meet and see who you are and who i am..dami kasing mayabang dito at fake…wala namang ibubuga.. in a job interview abroad no one asking that such a stupid question of yours..PAS is still existing? wow.. you’re outdated… Teh…IAS na tayo ngaun..BOBA..ang laki pala ng muscle mo at ang kapal ng make up mo? try MAC para maging maganda ang AURA mo…
marunongtong si Jossan…may sense di kagaya nongmga GME fantards!
kung panget Aryana eh ikaw? ano ka na? tsk tsk tsk
mga kapusak, mag-web crash naman dito ang magsasabi na may utang na malaki ang ABS, bakit sila ba ang pinababayad? di bah., lugi ang GMA? kahit sa movie ticket sales nila di nga nakabawi…
mas pangit ang mga kapusak shows noh Renz Ty Ramientos
weeh …pinanood niya.
BAKLANG KAKADIRI ANG FACE!!!!! MADUNGIS SIGURO ANG BAHO MO???? ANG LAKAS NG LOOB MONG MAG LAGAY NG PIXX MO EEEEWWWWW ANG BAHO! PICTURE PALANG NANGANGAMOY TAE KA BAKLa!
at least kumita hindi lugi katulad ng gma 7! hahaha!
baka sa susunod buong asset na ibenta ng abs para mga ka gain hahaha
FYI GMA net income for the 1st quarter of 2012 is 388 million which is higher than abs!
katawa naman tong Lumbo na to…. uu ibebenta nila ang pinaglumaan nilang camera sa GMA kasi bulok ang equipment nila….
mas malaki pa din pala ang kita ng GMA… though may decrease in income, still, they managed to have a net income higher than it’s competitors….
“The Company’s net income reached P388 million, a strong start from the heels of a lukewarm closing in 2011, but failed to match or top last year’s P534 million.
huh, nagsalita ang mga respetadong kapams…masyado kayong judgemental, im sure ung mga kontra kapams dito is kapams din para lang siraan ang ibang network, wag kayong crab…