Lopez Holdings posts P1.95B H1 net income

Lopez Holdings Corp. booked an 8 percent increase in net income attributable to equity holders for the first half of the year.

The controlling shareholder of listed ABS-CBN Corp. and First Philippine Holdings Corp. booked an attributable net income of P1.953 billion, compared with the P1.815 billion reported a year earlier.

Lopez Holdings attributed the improvement in its financial results to the "stellar performance" of ABS-CBN and the commercial launch of a digital terrestrial television initiative in February.

Lopez Holdings' revenues remained broadly flat at P49.255 billion from P48.578 billion. — DVM, GMA News