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(From BusinessWorld (Philippines))
Byline: Anna Barbara L. Lorenzo
Media giant ABS-CBN Broadcasting Corp. is looking at a double-digit growth of about 10% in net income in the first quarter on stronger global operations, executives said.
Chairman Eugenio Lopez III said the firm ended the period with a growth "closer to 10%."
"The performance is within our expected growth, with the net income growing at double digit. Even our revenues are double digit, primarily driven by continuing improved performance of our international operations," Chief Financial Officer Randolph Estrellado told reporters after the company's annual stockholders' …