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GMA targets P8.2-B profit in 2022 - BusinessWorld Online

GMA targets P8.2-B profit in 2022 - BusinessWorld Online
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GMA allots P1.98B for capex to boost digital transmission, regional network

GMA allots P1.98B for capex to boost digital transmission, regional network
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GMA reports net reach of nearly 96% with 83M TV viewers

GMA reports net reach of nearly 96% with 83M TV viewers
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GMA Network sets 'little less than' P2-B capex - BusinessWorld Online

GMA Network sets 'little less than' P2-B capex - BusinessWorld Online
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GMA Network expects 15% earnings growth this year


BusinessWorld
May 20, 2021 | 12:06 am
GMA Network is studying the possibility of offering a subscription video-on-demand service. BW FILE PHOTO
GMA Network, Inc. anticipates a 15% increase in its earnings this year, betting that vaccine rollouts across the country will further ease restrictions.
“With the reduction in the rate of infections and with the increase in vaccination towards herd immunity, on the optimistic side, I think we can project, hopefully, a 15% increase in 2021 over 2020,” GMA Network Chairman and Chief Executive Officer Felipe L. Gozon said at the company’s annual stockholders’ meeting on Wednesday.
“We’ve been confident that we might still increase our gross revenues and net income for 2021. Why do I say that? Even as we speak now, there are indications that the effects of the pandemic are easing up. As a consequence, the government is also easing up all the restrictions,” he explained. ....

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