PH Resorts Group Holdings, Inc. Reports Consolidated Earnings Results for the Year Ended December 31, 2020
April 23, 2021 at 06:08 am IST
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PH Resorts Group Holdings, Inc. reported consolidated earnings results for the year ended December 31, 2020. For the year, the company reported net operating revenues of PHP 10,759,971 against PHP 61,718,517 a year ago. Operating loss was PHP 290,008,989 against PHP 415,095,133 a year ago. Net loss was PHP 342,260,108 or PHP 0.0686 per basic and diluted share against PHP 569,691,004 or PHP 0.1189 per basic and diluted share a year ago.
PH Resorts Group Holdings, Inc. is a Philippines-based holding company of PH Travel and Leisure Holdings Corp. (PH Trave). PH Trave is a holding company for the gaming and hospitality arm of the Udenna Group, which includes LapuLapu Leisure, Inc., The Base Corp., and Donatela Hotel Panglao Corp. LapuLapu Leisure, Inc. is the developer of Emerald, an integrated tourism resort to be located on a prime beachfront area on Mactan Island, Lapu-Lapu City, Cebu. Clark Grand Leisure Corp. is the developer of The Base, an integrated tourism resort to be located in Clark Freeport Zone, Luzon, Philippines. Donatela Hotel Panglao Corp. is the owner of the Donatela Hotel, a boutique-style, upscale hotel in Tawala, Panglao Island, Bohol. The Donatela Hotel has 12 upscale villas with pools, fine-dining restaurants and a wine cellar. It is located on a 7.5 hectares property approximately a 14-minute drive from the Bohol International Airport. It has two segments: Hotel and restaurant and Gaming.
PH RESORTS GROUP HOLDINGS, INC. 
