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ABS-CBN Global projects 20%-30% '04 profit growth.
(From BusinessWorld (Philippines))
Byline: Anna Barbara L. Lorenzo
ABS-CBN Global Ltd., owner of the popular The Filipino Channel (TFC) aired abroad, targets a 20%-30% profit growth this year on higher subscription sales following its European launch last December.
The company is also expecting US subscriber base to grow, said Rene Encarnacion, ABS-CBN Global Managing Director.
He told BusinessWorld the company, a wholly owned unit of listed media giant ABS-CBN Broadcasting Corp., saw its net income grow more than 20% in 2003. "Our growth is more than 20%... over 2002, primarily driven by subcriber growth. We also had a nominal increase of …
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