Lopez Group Listed Companies Stay Stable

Earnings reported by listed companies of the Lopez Group (PSE: LPZ) for the first nine months of 2015 showed relatively stable performance despite encountering some challenges.

The lack of extraordinary or nonrecurring income in 2015 brought down earnings from geothermal powerhouse Energy Development Corp. (PSE: EDC), but recurring earnings remained healthy. Meanwhile, continued investments in new businesses shaved ABS-CBN Corp.‘s (PSE: ABS) otherwise solid revenues from advertising, as ABS-CBN Channel 2 continued to dominate audience shares and ratings for total Philippines.