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Friday, March 29, 2024

GMA Network bullish on earnings this year

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GMA Network Inc. is optimistic about its earnings this year on higher television ratings and advertising sales, according its executive. 

“We expect GMA’s financial performance to exceed expectations this year,”  GMA Network chairman and chief executive Felipe Gozon said Monday.

Gozon earlier said the company posted a net income of P2 billion in 2015 from P1.01 billion in 2014. 

The company has not yet reported the audited full-year net income in 2015. Nine-month profit jumped 80 percent in 2015 to P1.804 billion from a year ago, as revenues climbed 16 percent to P10.31 billion.

GMA, which airs on channel & on free TV, grabbed the lead in nationwide ratings in March on the back of its stronger performance in the key areas of Urban Luzon and Mega Manila based on Nielsen TV Audience Measurement data. 

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For the period March 1 to 3, GMA garnered a 36.6-percent household audience share in National Urban Television Audience Measurement ratings against ABS-CBN’s 36.1 percent and TV5’s 8.2 percent.

The network also ruled across all dayparts including primetime in Urban Luzon and Mega Manila, where majority of the urban TV household population are found.

The network also approved the declaration of a cash dividend of P0.40  per share totaling P1.944 billion.

The company will pay the dividend on May 16 to shareholders of record as of April 25, 2016.

Since its IPO launch in 2007, the network has consistently delivered a high shareholder return, paying out cash dividends equivalent to almost 100 percent of its net income. 

Total dividend per share and total dividends declared from 2008 onwards amounted to P3.58 and P17.4 billion, respectively.GMA Network Inc. said on Tuesday it expanded its global footprint with the launch of its international channels in the Middle East and Singapore this month.

The broadcasting network earliet said GMA International rolled out its three international channels in the Middle East and North Africa through OSN, the dominant pay-TV network in the region with 25 countries within its reach.

The linear channels are GMA’s flagship international channel, GMA Pinoy TV, Filipino lifestyle channel, GMA Life TV, and international news channel, GMA News TV International.

GMA Pinoy TV and GMA Life TV were also launched in Singapore via one of the country’s major pay-TV operators, StarHub, which boasts of 536,000 households subscribed to its service.

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