Company Overview of GMA Network, Inc.
GMA Network, Inc., together with its subsidiaries, primarily is engaged in radio and television broadcasting, recording, film production, and other information and entertainment activities in the Philippines and internationally. It operates through three segments: Television and Radio Airtime, International Subscription, Other Businesses. The company is also involved in production of television (TV) programs; music recording, publishing, and video distribution; design, construction, and maintenance of sets for TV, stage plays, and concerts; and provision of film syndication, transportation and manpower, and pre-and post-production services. In addition, it crafts, plans, and handles advertis...
GMA Network Center
EDSA Corner Timog Avenue
Quezon City, 1103
Founded in 1950
Key Executives for GMA Network, Inc.
GMA Network, Inc. does not have any Key Executives recorded.
GMA Network, Inc. Key Developments
GMA Network, Inc. Amends Article of Association
May 16 14
On May 21, 2014, GMA Network, Inc. has announced amendment to Article III of its article of association from "That the place where the principal office of the corporation is to be established or located is Metro Manila" to "That the place where the principal office of the Corporation is to be established or located is at GMA Network Center, EDSA corner Timog Avenue, Diliman, Quezon City".
GMA Network, Inc. Reports Unaudited Earnings Results for the First Quarter Ended March 31, 2014
May 14 14
GMA Network, Inc. reported unaudited earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported net revenue of PHP 2,850,946,508 against PHP 3,241,321,028 a year ago. Income before income tax was PHP 479,075,783 against PHP 868,692,217 a year ago. Net income attributable to equity holders of parent company was PHP 325,142,688 or PHP 0.067 basic and diluted earnings per share against PHP 602,573,170 or PHP 0.124 basic and diluted earnings per share a year ago. Net cash used in operating activities was PHP 180,675,541 against net cash provided by operating activities of PHP 439,519,582 a year ago. Acquisitions of property and equipment was PHP 132,900,103 against PHP 135,933,225 a year ago. Acquisitions of investment properties was PHP 6,467,321. Earnings before interest, taxes, depreciation and amortization (EBITDA) wrapped up at PHP 823 million, below last year by PHP 370 million or 31% due to the drop in revenues.
GMA Network, Inc. Reports Earnings Results for the First Quarter of 2014; Provides Earnings Guidance for 2014
May 5 14
GMA Network, Inc. reported earnings results for the first quarter of 2014. For the quarter, the company recorded recurring revenues of PHP 2.851 billion in the first quarter of 2014, down 4% versus the same period last year, sans the impact of election-related advertisements. The company's EBITDA decreased by 31% to PHP 823 million, while net income settled at PHP 325 million or PHP 276 million lower than 2013.
For the full year of 2014, the company expects to end 2014 a little ahead of 2013. After strip out of the pol ads in 2013, the increase would be double digits percentage.
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June 24, 2014