Listed companies associated with the Lopez Group powered through the first nine months of 2019, turning in solid numbers, notwithstanding external uncertainties that led to the net exit of foreign funds from the local stock market.

First Philippine Holdings Corporation and its energy unit, First Gen Corporation, benefited from 10% higher electricity sales and favorable foreign exchange rates. ABS-CBN had 15% higher ad revenues, boosted by election-related placements. Without political ads, regular ad revenues increased by 6%.