Travellers International says Q3 revenue trend improving

Travellers International Hotel Group, an associate of Genting Hong Kong Ltd, reported a net profit of 4 billion pesos (US$89.08 million) for the nine months to September 30 up from 3.57 billion pesos in the same period last year, despite falling revenue.
The result was based on gaming revenues of 20.8 billion pesos, down 14.1 percent from 24.2 billion pesos for the same period last year.
The company said in a release to the Hong Kong Stock Exchange that its drop in nine-month revenue was largely due to weakness in the first half and it has seen an improving trend in Q3.
Meanwhile, operating profit rose by 29.3 percent to 6.3 billion pesos from 4.89 billion over the nine months of 2013.
Genting owns 44.9 percent of Travellers, a joint venture with Alliance Global. The company runs the Resorts World Manila property.