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Apr 16, 2016 @ 11:56

GMA Network’s net income jumped 111% to P2.13b in 2015

 

GMA Network Inc. said Friday net income in 2015 jumped 111 percent from a year ago, on the back of higher advertising revenues.

The broadcast company said net income reached P2.13 billion last year, up from P1.01 billion recorded in 2014, as consolidated revenues increased 15 percent ito P13.73 billion from P11.98 billion.

The network attributed the increase in net profit to the sustained growth in airtime revenues, particularly regular advertisements, which reached P12.38 billion or 16 percent higher than in 2014.

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