Problems at del Monte

Every generation needs a revolution - an entrepreneurial revolution

Del Monte CEO Butch Campos is extremely disappointed  with the performance of its flagship corporation .  It has huge debt of P29 million maturing and  $127 million in losses.  It will continue to be in the red till 2025.

Campos is the scion of the  Unilab fame, and has seen many good times . He was a partner in the BGC takeover from MVP.

We wish Butch the power and determination to turn around Del Monte.   

Why did it happen to him?   What could have been the causes?

Bilyonaryo - J Campos disappointed with Del Monte performanance

Media company reduces losses despite loss of franchise; now a content creator instead of a media company

Every generation needs a revolution - an entrepreneurial revolution

ABS CBN reduces losses, may go to profitability in medium term

A media company has reduced its losses from P1.42 billion to mere P39 million only in 2q of 2022 mainly due to reduction in expenses, debt.  Its revenues rose from  P4.24B   to P4.83B    Its non operating income rose to P1.04 billion up from P413.3 million 

This is a great display of grit determination and resiliency despite unfriendly political environment, and the pandemic, and perhaps due to able leadership.

It is possible that the company can make profit in the near term.   This performance in spite of its frequency for free TV being taken away by govt regulators due to non renewal of its franchise by Congress. (for having crossed past President during the campaign period)

The company broadcasts thru the streaming internet Ch 5, and A2Z.  Its foreign channel still exists.  

It cant be broken.   The company has determined that its now a content creator, rather than a media company  When you have clearly defined your mission or have readjusted, then it it is easy to amend the processes and focus.  

Congratulations sir Carlo