Conglomerate Lopez Holdings posted a 108-percent year-on-year growth in first quarter net profit to P2.29 billion on higher earnings from its power and broadcasting businesses alongside lower foreign exchange losses. Unaudited consolidated revenues increased by 19 percent year-on-year to P32.77 billion during the first three months, Lopez disclosed to the Philippine Stock Exchange on Wednesday. Power generation holding firm First Philippine Holdings saw an 87 percent year-on-year increase in net income attributable to equity holders of the parent amounting to P3.76 billion while media arm ABS-CBN Corp. registered a 120-percent increase in net income to P808 million during the perio...
Keep on reading: Lopez Holdings nets P2.29B
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