GMA Network, Inc. Reports Consolidated Earnings Results for the Year 2011; Provides Earnings Guidance for the Year 2012
April 10, 2012
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GMA Network, Inc. reported consolidated earnings results for the year 2011. The company reported consolidated revenues worth PHP 13.083 billion in 2011. The year ended with earnings before income, taxes, depreciation, and amortization of PHP 3.090 billion, and net income after tax of PHP 1.715 billion.
The company provided earnings guidance for the year 2012. The company expects net income for 2012 is PHP 2.8 billion. CAPEX for 2012 is around PHP 650 Million.
GMA Network, Inc. is a Philippines-based media broadcasting company primarily involved in the business of radio and television broadcasting. The Company is also involved in film production and other information and entertainment-related businesses. Its segments include Television and Radio, International Subscription and Other businesses. The Television and Radio segment is engaged in television and radio broadcasting activities. The International Subscription segment is engaged in subscription arrangements with international cable companies. Its Other businesses segment includes movie production, consumer products and other services. Its subsidiaries include Alta Productions Group, Inc. (Alta), which operates pre and post-production services; GMA Network Films, Inc, which is engaged in film production; GMA New Media, Inc., which is engaged in converging technology, and RGMA Marketing and Productions, Inc., which is engaged in music recording, publishing and video distribution.
GMA NETWORK, INC. 
