Lopez Holdings net income up 23 percent in first half


Posted at Aug 14 2018 09:14 PM | Updated as of Aug 15 2018 06:37 AM

MANILA - Lopez Holdings posted a net income of P2.174 billion in the first six months of 2018 attributable to share holders of the parent, up 23 percent compared to the same period last year. 

"The stable performance of the energy group under associate First Philippine Holdings Corporation (FPH) accounted for the results," the company said in a disclosure to the stock exchange. 
FPH posted a 61-percent increase in net income attributable to equity holders of the parent, Lopez Holdings said. 
As of June 30, 2018, Lopez Holdings owned 47 percent of FPH and 56 percent of ABS-CBN.
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