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Comparative profits lower

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January to September 2017 Financial Results (Unaudited, Consolidated)January to September 2017 Financial Results (Unaudited, Consolidated)Energy units of the Lopez Group led by First Philippine Holdings Corporation posted higher revenues for the first nine months of the year.

However, one-off losses related to debt prepayments made by First Gen Corporation and one-off gains in the comparative period of the previous year led to lower net income attributable to equity holders of the parent. ABS-CBN expects to meet its year-end goal of P3 billion in net income despite the absence of election-related advertising. Rockwell Land, meanwhile, continued its strong showing on the back of high demand for units at its residential projects. (CPS).

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