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CEB’s retained earnings almost out, banks & stockholders keep it flying

Cebu Pacific (CEB) is experiencing turbulence in these times and there is no need to discuss why. CEB tallied a net loss of 22.2 Billion for the year 2020. The severe loss cut its retained earnings to just 14.7 Billion Pesos. Another horrible year could definitely wipe it out. The losses from demand drop wereContinue reading “CEB’s retained earnings almost out, banks & stockholders keep it flying”

ABS at the mercy of creditor banks

ABS-CBN Corporation (ABS) has finally submitted its first half 2020 (1H 2020) results. The results showed that it has the financial strength to continue its operations. It has cash, cash equivalents, and short-term investments of 18 Billion Pesos as of end of 1H 2020 while debts due in the next 12 months is only 0.5Continue reading “ABS at the mercy of creditor banks”