The listed companies associated with the Lopez Group reported favorable earnings for the first half of 2019, driven by better recurring earnings of First Gen Corporation under the FPH Group, and a recovery in ABSCBN Corporation revenues led by its Media Networks and Studio Entertainment Group.
Rockwell Land Corporation restated its 2018 financial statements to reflect the adoption of new financial reporting standards for the comparative periods. Changes were mainly on recognition of cost of real estate and selling and marketing expenses. Such restatement affected all holding companies consolidating Rockwell. (Story/Photos by: Carla Paras-Sison)