Manila Broadcasting Co. reported unaudited earnings results for the third quarter and nine months ended September 30, 2017. For the quarter, the company reported revenue of PHP 263,152,965 compared to PHP 278,150,179 a year ago. Income before income taxes was PHP 23,520,930 compared to PHP 35,504,930 a year ago. Net income was PHP 16,464,651 or PHP 0.041 per basic and diluted share compared to PHP 24,853,451 or PHP 0.062 per basic and diluted share a year ago.

For the nine months, the company reported revenue of PHP 820,513,356 compared to PHP 949,206,737 a year ago. Income before income taxes was PHP 143,500,040 compared to PHP 161,983,406 a year ago. Net income was PHP 100,450,028 or PHP 0.249 per basic and diluted share compared to PHP 113,388,385 or PHP 0.282 per basic and diluted share a year ago. Net cash used in operating activities was PHP 214,984,503 compared to net cash provided by operating activities of PHP 112,885,009 a year ago. Net addition to property, equipment & investment properties was PHP 26,254,239 compared to PHP 18,963,739 a year ago. Book value per share was PHP 2.544 compared to PHP 2.195 a year ago.


The company plans to earmark PHP 75.0 Million capital expenditure for 2017 year on various projects, namely: purchase of new transmitters for provincial stations, RHTV broadcast expansion over various cable and TV channels, leasehold improvement of Head Office, audio and video streaming over the internet, and improvement of existing stations' equipment and facilities nationwide. This will be funded by cash flows from operating activities.