The Lopez-owned firm reported that its net income for January to September 2010 surged by 123 per cent to P2.9 billion from P1.3 billion in the same period last year.
Advertising revenues accounted for 68 per cent of the total, while consumer sales contributed the remaining 32 per cent.
Total advertising revenues across all platforms and subsidiaries were 58 per cent higher than the same period in 2009.
Advertising revenues from regular advertisers grew by 37 per cent to P14.6 billion, while non-recurring political advertising revenues carried over from the first semester amounted to P2.3 billion.
Total advertising minutes sold by Channel 2 from January to September jumped 46 per cent. Advertising minutes sold to regular advertisers rose 36 per cent, accounting for 93 per cent of total minutes. Election-related advertising in the first semester contributed seven per cent of total minutes sold.
