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FPH Group shines in 2018

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2018 Audited Financial Result2018 Audited Financial ResultThe earnings of First Philippine Holdings Corporation (FPH) grew substantially in 2018, anchored on the sterling performance of unit First Gen Corporation, which accounted for 83% of its revenues. Its other units in manufacturing and property development also turned in favorable numbers, with Rockwell Land Corporation increasing attributable net income by 21% on a 10% increase in revenues. However, ABS-CBN Corporation’s performance slowed. In 2018, it ended its mobile phone venture and unit SKY Cable Corporation lagged from its budget following a decline in cable subscriber numbers. (Story/Photos by: Carla Paras-Sison)

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