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Turn to page 6 Team Bamboo A salute to Our 1H financial results …page 2 scores first ‘The grandparents Voice’ win! …page 4 …page 12 Lopezlink September 2015 Lopezlink September 2015 Biz News Biz News JANUARY TO JUNE 2015 FINANCIAL RESULTS (UNAUDITED, CONSOLIDATED) NET INCOME/(LOSS) ATTRIBUTABLE Dispatch from Japan Lopez Holdings attributable TOTAL REVENUES TO EQUITY HOLDERS OF THE PARENT COMPANY 2014 2015 % change 2014 2015 % change AMML welcomes boxing icon to Tokyo net income at P1.95B AMBASSADOR Manuel introduced them to the staff pion, discussed the attention LOPEZ Holdings reported wide TV ratings in 1H2015, as and Lopez Holdings all the eq- ABS-CBN P16.378B P17.736B +8 P1.162B P1.418B +22 M. Lopez and Maritess L. and to the Filipino commu- he has given to congressional P1.953 billion in net income well as the commercial launch uity in the capital stock of Bayan Lopez Holdings P48.578B P49.355B +1 P1.815B P1.953B +8 Lopez recently welcomed nity at the multipurpose hall. bills on sports, education and attributable to equity holders of its digital terrestrial televi- Telecommunications Inc. held EDC P15.227B P16.775B +10 P6.285B P4.609B -27 Sarangani Rep. Manny Pac- During a forum at the the welfare of women and of the parent for the first six sion initiative, ABS-CBN by BTHC and Lopez Holdings, First Gen $935.470M $965.246M +3 $102.589M $95.270M -7 quiao and wife Jinkee to the embassy, Pacquiao, an eight- children. He also reminded months of 2015. This is 8% TVplus, in February 2015. valued at approximately P1.83B. FPH P47.926B P48.422B +1 P2.534B P2.653B +5 Philippine embassy and later division world boxing cham- the Filipinos of the value of higher than the P1.815B in net Lopez Holdings’ unau- The effect of this transaction ROCK P3.546B P3.418B -4 P588M P697.9M +19 giving back to income attributable to equity dited consolidated revenues will be reflected in the interim their country and holders of the parent reported for the period barely moved, financial statements covering people the bene- in the first half of 2014. up by only 1% year-on-year to the third quarter of 2015. Second quarter earnings results mixed fits and blessings Harvard Business School professor Dennis Yao (center) with, from left: Miguel L. Lopez, director of Rockwell Land The favorable results were P49.255B from P48.578B. As of June 30, 2015, Lopez they earned while Corporation and SVP-Corporate Affairs of Lopez Holdings Corporation; Monico Jacob and Cesar Virata, directors primarily due to the stellar In July 2015, Globe Telecom Holdings held a 56% economic for Lopez Group listed companies working and of Lopez Holdings; Salvador G. Tirona, president, COO and director of Lopez Holdings; Nicanor Jacinto, CEO of the performance of ABS-CBN Inc. agreed to purchase from interest in ABS-CBN and 46% living in Japan. ABS-CBN Corporation and creases in attributable income in recurring net attributable Institute of Corporate Directors; and Benjamin R. Lopez, president of INAEC Aviation Corporation and VP of First Corporation following its con- Bayan Telecommunications in First Philippine Holdings Pacquiao was in Rockwell Land Corporation in 1Q2015. income. Including nonrecur- Philippine Holdings Corporation tinued dominance in nation- Holdings Corporation (BTHC) Corporation. (Carla Paras-Sison) Tokyo as part of continued the earnings uptick Meanwhile challenges ring items, consolidated net the delegation that began in the first quarter encountered by Energy Devel- attributable income decreased that presented of the year. opment Corporation (EDC) by 27%. Scheduled rehabilita- the Philippines’ FPH consolidated net income ABS-CBN reported a 20% slowed earnings for the energy tion programs will improve the Harvard prof talks bid for the FIBA hike in net income for the first group that includes its parent, reliability of EDC’s geothermal Basketball World six months of 2015, equivalent First Gen Corporation, and portfolio over the long term (see attributable to parent up by 5% Cup. (Excerpted to a 22% increase in net income First Philippine Holdings Cor- story on this page). Amb. Manuel M. Lopez, Maritess L. Lopez (seated, 4th and 5th from left) and the embassy from tokyo. FIRST Philippine Holdings First Gen Corporation for the higher than last year’s P327M. attributable to equity holders poration. EDC said the outage The mixed results led to an staff share a light moment with Manny Pacquiao (seated, center) and spouse Jinkee (2nd about strategy philembassy.net) Corporation (FPH) posted a period (see related stories). The improvement in earnings was of the parent (see story on this of its Tongonan Plant, trading 8% increase in Lopez Hold- from right) PROFESSOR Dennis Yao, ness strategies seem strong on He also said that a sustainable consolidated net income at- The net income of First Phil- brought about by the increase in page). Rockwell Land posted a losses on the Unified Leyte ings Corporation’s net income head of the Strategy Unit at market analysis but weak on strategy creates value both for the tributable to parent of P2.6 ippine Industrial Park (FPIP) profits from the drilling services 19% rise in attributable income strip business, higher operating attributable to equity holders Harvard Business School, told government, legal and social customer and the company pro- billion for the first half of 2015. dropped P101M or 44% from of its subsidiary ThermaPrime for the same period. Both expenses and typhoon repair of the parent (see story on this directors and officers of the forces which frequently impact viding the product or service. This is higher by P119 million P230M in 2014 to P129M in Well Services Inc. companies registered 11% in- works led to a 14% decline page). or 5% compared to the P2.5B 2015 because of lower industrial First Philec reported a net CSC to chair int’l Lopez Group to be aware of their success.” “This win-win value cre- last year primarily due to the land sales coupled with higher income of P72M, a P176M the political, social and legal An economist and former ation is less likely to attract higher earnings contribution land development costs. FPIP turnaround from the P104M Emmy Awards gala environment when crafting commissioner of the US Fed- negative intervention from the of Rockwell Land Corpora- sold 6.8 hectares of industrial loss incurred last year, on the First Gen attributable net strategy, especially when it eral Trade Commission, Yao government and nongovern- tion, First Balfour and First land for the first half of this year back of higher sales of electrical CHARO Santos-Concio, and CEO Richard Plepler. involves exploiting market in- recommended an integrated ment organizations,” he said. Philippine Electric Corpora- compared to 8.8 hectares for the transformers as well as lower ex- president, chief executive offi- “Ms. Charo Santos-Concio efficiencies. approach that accounts for Among the participants tion (First Philec), which more first half of 2014. penses from its solar businesses income falls 7.1% to $95.3M cer and chief content officer of is an internationally respected Speaking at a one-hour pressures affecting market were members of the boards than made up for the decrease First Balfour registered a net that are under arbitration. (FPH FIRST Gen Corporation re- to $83.9M in the first half of to $60.2M in the same period ABS-CBN Corporation, will broadcast producer and execu- session organized by Lopez participants, the rules govern- of Lopez Holdings, Rockwell in net income reported by income of P358M, 9% or P31M Comptrollership) ported net income attributable 2015. last year. serve as gala chair for the 43rd tive who has spearheaded the Holdings Corporation and ing the market and the intrin- Land Corporation and Energy to equity holders of the parent First Gen’s consolidated EDC’s revenues accounted International Emmy Awards growth of her organization to a the Institute of Corporate sic characteristics of the pure Development Corporation. of $95.3 million for the first revenues from the sale of elec- for $346.0M, or 35.9%, while which will take place in New leading position in the Philip- Directors, Yao said, “Busi- market. (Carla Paras-Sison) ABS-CBN net income jumps 20% to P1.2B half of 2015. tricity increased by $29.8M, or FG Hydro’s revenues were York City on November 23, pines and the region beyond,” ABS-CBN Corporation of national audience shares and EBITDA (earnings before inter- This was a 7.1% or $7.3M 3.2%, to $965.3M for the first $27.2M, or 2.8%, of First Gen’s 2015. said Bruce Paisner, president reported P17.7 billion con- ratings with a 52% national est, taxes, depreciation and amor- decrease from the $102.6M it semester of 2015 from $935.5M total consolidated revenues. Santos-Concio will preside and CEO of the International By Rockwell Primaries solidated revenues for the first audience share at end of June tization) margin for the segment registered in the same period in for the same semester last year. “Despite the positive contri- over the gala, during which the Academy of Television Arts & ABS-CBN president Charo Santos- half of 2015, bringing its net 2015.