In a disclosure to the Philippine Stock Exchange, the firm said increased economic activity in the first semester boosted the performance of investee First Philippine Holdings Corporation , while ABS-CBN Corporation reported a smaller net loss for the period.
Unaudited consolidated costs and expenses increased by 38 percent YoY to P64.17 billion from P46.35 billion. Cost of sale of electricity , real estate , contracts and services , merchandise sold , and general and administrative expenses reflect the operations of FPH and units. FPH posted a 7 percent increase in attributable net income to P6.27 billion from P5.84 billion in the first half of 2021.
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