Acesite (Phils.) Hotel Corporation Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 14, 2023 at 05:03 am IST
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Acesite (Phils.) Hotel Corporation reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported net loss was PHP 25.59 million compared to PHP 30.94 million a year ago. Basic loss per share from continuing operations was PHP 0.07 compared to PHP 0.09 a year ago. Diluted loss per share from continuing operations was PHP 0.07 compared to PHP 0.09 a year ago.
For the six months, net loss was PHP 50.49 million compared to PHP 57.21 million a year ago. Basic loss per share from continuing operations was PHP 0.15 compared to PHP 0.17 a year ago. Diluted loss per share from continuing operations was PHP 0.15 compared to PHP 0.17 a year ago.
Acesite (Phils.) Hotel Corporation is a Philippines-based company, which is engaged in the business of operating a hotel, or other accommodations, for the general public and construction such facilities. The Company, through its subsidiary, Waterfront Philippines, Inc. (WPI), operates Filipino-owned hotel chains in the country. WPL primarily provides international marketing and promotion of hotels and casinos. It is the owner of Waterfront Manila Hotel and Casino. Its hotels include Waterfront CEBU City Hotel & Casino, Waterfront Airport Hotel & Casino, Waterfront Insular Hotel Davao, and Waterfront Manila Hotel & Casino. Waterfront CEBU City Hotel & Casino has 561 guestrooms and suites, nine wining and dining outlets. Waterfront Airport Hotel & Casino consists of 164 guestrooms and suites, four dining outlets and function rooms to accommodate any special event. Its wholly owned subsidiaries include Waterfront Mactan Casino Hotel, Inc. and Waterfront Cebu City Casino Hotel, Inc.