Friday, June 21, 2024 - Login

Belle Corp net profit up 11 percent on COD Manila gains


Philippine-listed Belle Corp grew its net profit by 11 percent year-on-year in 18H1, reaching P1.96 million, according to its Friday results filing.

Excluding capital gains from sales of non-core investments and extraordinary items, Belle’s recurring net income was P2.1 billion in 18H1, representing a 26 percent year-on-year increase from 17H1.

Belle said its increase in net profit was mainly attributed to increased earnings from City of Dreams Manila, the property in which it shares an operating agreement with Melco through its gaming subsidiary Premium Leisure Corp.

EBITDA from its income share in the gaming operations of City of Dreams Manila increased 42 percent to P1.3 billion in 18H1.

Asia Gaming Brief is a news and intelligence service providing up to date market information for worldwide executives on relevant gaming issues in Asia.

Contact us

ASIA GAMING BRIEF
PO Box 1139, Macau SAR
Tel: +853 2871 7267
Fax: +853 2871 7264

Asia Gaming Brief