MANILA - ABS-CBN Corp's ability to pay its debt rests on the resumption of broadcast operations and advertising revenue, an analyst said Monday.
MANILA - ABS-CBN Corp's ability to pay its debt rests on the resumption of broadcast operations and advertising revenue, an analyst said Monday.
"The Company is committed and will continue to honor all existing obligations for goods delivered and services rendered by its third party suppliers. Currently, the Company remains in a good financial position and we expect to pay all our bank debts in accordance with the existing payment schedule," ABS-CBN said in the disclosure to the stock exchange.
"If ABS doesn’t get the advertising revenue that it has then those numbers are in danger or they’ll have a hard time meeting those numbers," said COL Financial vice president and head of Research April Lee Tan.
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