February 25, 2018, 11:52 pm
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1 Philippine Peso = 0.0709 UAE Dirham
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1 Philippine Peso = 0.38512 Argentine Peso
1 Philippine Peso = 0.0246 Australian Dollar
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1 Philippine Peso = 0.90347 Gambian Dalasi
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1 Philippine Peso = 0.14162 Guatemala Quetzal
1 Philippine Peso = 3.93494 Guyana Dollar
1 Philippine Peso = 0.15101 Hong Kong Dollar
1 Philippine Peso = 0.45448 Honduras Lempira
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1 Philippine Peso = 20.76255 Korean Won
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1 Philippine Peso = 0.32037 Moldovan Leu
1 Philippine Peso = 0.96332 Macedonian Denar
1 Philippine Peso = 25.79151 Myanmar Kyat
1 Philippine Peso = 46.1583 Mongolian Tugrik
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1 Philippine Peso = 6.75676 Mauritania Ougulya
1 Philippine Peso = 0.63514 Mauritius Rupee
1 Philippine Peso = 0.29614 Maldives Rufiyaa
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1 Philippine Peso = 0.02647 New Zealand Dollar
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1 Philippine Peso = 0.06266 Peruvian Nuevo Sol
1 Philippine Peso = 0.06071 Papua New Guinea Kina
1 Philippine Peso = 1 Philippine Peso
1 Philippine Peso = 2.13127 Pakistani Rupee
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1 Philippine Peso = 107.39382 Paraguayan Guarani
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1 Philippine Peso = 0.07239 Saudi Arabian Riyal
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1 Philippine Peso = 0.02545 Singapore Dollar
1 Philippine Peso = 0.01382 St Helena Pound
1 Philippine Peso = 0.42869 Slovak Koruna
1 Philippine Peso = 147.2973 Sierra Leone Leone
1 Philippine Peso = 10.84942 Somali Shilling
1 Philippine Peso = 384.74904 Sao Tome Dobra
1 Philippine Peso = 0.16892 El Salvador Colon
1 Philippine Peso = 9.9417 Syrian Pound
1 Philippine Peso = 0.22262 Swaziland Lilageni
1 Philippine Peso = 0.60579 Thai Baht
1 Philippine Peso = 0.04633 Tunisian Dinar
1 Philippine Peso = 0.04271 Tongan paʻanga
1 Philippine Peso = 0.07317 Turkish Lira
1 Philippine Peso = 0.12974 Trinidad Tobago Dollar
1 Philippine Peso = 0.56444 Taiwan Dollar
1 Philippine Peso = 43.35907 Tanzanian Shilling
1 Philippine Peso = 0.52008 Ukraine Hryvnia
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1 Philippine Peso = 0.01931 United States Dollar
1 Philippine Peso = 0.54923 Uruguayan New Peso
1 Philippine Peso = 157.72201 Uzbekistan Sum
1 Philippine Peso = 558.39769 Venezuelan Bolivar
1 Philippine Peso = 438.97684 Vietnam Dong
1 Philippine Peso = 2.05502 Vanuatu Vatu
1 Philippine Peso = 0.04818 Samoa Tala
1 Philippine Peso = 10.28822 CFA Franc (BEAC)
1 Philippine Peso = 0.05212 East Caribbean Dollar
1 Philippine Peso = 10.28822 CFA Franc (BCEAO)
1 Philippine Peso = 1.87297 Pacific Franc
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1 Philippine Peso = 0.22278 South African Rand
1 Philippine Peso = 100.1834 Zambian Kwacha
1 Philippine Peso = 6.98649 Zimbabwe dollar

Election spending boosts ABS-CBN ad revenues

ABS-CBN Corp. said profit last year reached P3.88 billion, up 5.28 percent from the prior year’s P2.54 billion. 

Consolidated revenues totaled P41.6 billion, up 8.75 percent from the prior year’s P38.28 billion. 

Aldrin Cerrado, ABS-CBN chief financial officer, said the company exceeded earnings guidance for 2016 as full year growth in advertising revenues, boosted by election-related spending, was about 11 percent.

“Our continued strong leadership in national audience share was also a key contributor to our record performance because improved ratings now translate to increased revenues,” said Cerrado, noting the company shifted to cost per individual rating point pricing (CPIRP) scheme in 2015, which rewards the company for an increase in ratings in adjusting its rates for advertisers.  

Cerrado said cost and expenses were up only 6 percent last year. 

“In particular, ABS-CBN was successful in its continuing efforts to control production costs and reduced expenses by about 4 percent on a per hour basis compared to 2015,” he said.

Based on Kantar Media national TV ratings covering both urban and rural homes,  the top 10 programs for 2016 for free-to-air television were all produced by ABS-CBN with “FPJ’s Ang Probinsyano” consistently topping all programs.   

The company’s roll-out of its Digital Terrestrial Television or DTT helped boost audience share with over 2.3 million boxes sold as of the end of December 2016.

Total assets rose stood at P72.7 billion, up from P69.9 billion the prior year. Shareholders equity stood at P31.7 billion.

“We are also extremely happy with the performance of our subsidiaries last year. The healthy growth in our advertising revenues coupled with the accomplishments of our different business units enabled us to deliver record earnings performance for ABS-CBN,” said Ron Valdueza, ABS-CBN Group chief finance officer. 

 “Star Cinema generated over P2.9 billion in ticket sales both here and abroad. ‘Super Parental Guardians,’ which was released last November, brought in more than P600 million in ticket sales, making it the highest-grossing Filipino film,” he added.

 SkyCable saw an 8 percent growth in revenues, driven by the introduction of SkyDirect, its newly launched Direct-to-Home Pay TV offering, and the continued sharp increase in its broadband subscriber base. By year-end, the company had over 112,000 SkyDirect subscribers and more than 200,000 broadband subscribers, bringing Sky’s total subscriber base to over one million. 

“Consistent with the company’s vision of touching the lives of Kapamilyas overseas, ABS-CBN Global staged “ASAP New York” at the Barclay’s Center. Around 9,000 Kapamilyas were entertained by over 50 artists during the four-hour show. The Filipino Channel (TFC) is now being watched by over three million Filipinos abroad,” ABS-CBN said.
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