Waterfront Philippines, Incorporated Reports Earnings Results for the First Quarter Ended March 31, 2021
June 15, 2021 at 08:58 am IST
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Waterfront Philippines, Incorporated announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced total revenue was PHP 260.840 million compared to PHP 459.337 million a year ago. Net loss was PHP 1.526 million compared to net income of PHP 75.245 million a year ago. Basic loss per share from continuing operations was PHP 0.001 compared to basic earnings per share from continuing operations of PHP 0.03 a year ago.
Waterfront Philippines, Incorporated is a Philippines-based investment holding company for hotel, leisure and tourism businesses. The Company operates a Filipino-owned hotel chain. The Companyâs 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 approximately 561 guestrooms and suites, nine dining outlets, and meeting and conference facilities. Waterfront Airport Hotel & Casino is located in front of the Mactan Cebu International Domestic Airport. The hotel consists of approximately 164 guestrooms and suites, four dining outlets and function rooms. Its wholly owned subsidiaries are Waterfront Cebu City Casino Hotel, Inc. (WCCCHI), Waterfront Mactan Casino Hotel, Inc. (WMCHI), Waterfront Insular Hotel Davao, Inc., ACESITE (Phils.) Hotel Corporation, Waterfront Hotel Management Corporation, Mayo Bonanza, Inc. and others.
WATERFRONT PHILIPPINES, INCORPORATED 