Waterfront Philippines, Incorporated Reports Earnings Results for the Second Quarter Ended June 30, 2019
August 15, 2019 at 10:42 am IST
Share
Waterfront Philippines, Incorporated announced earnings results for the second quarter ended June 30, 2019. For the second quarter, the company announced total revenue was PHP 477.913 million compared to PHP 485.221 million a year ago. Net income was PHP 56.613 million compared to PHP 113.399 million a year ago. Basic earnings per share was PHP 0.023 compared to PHP 0.045 a year ago. For the half year, total revenue was PHP 948.256 million compared to PHP 1,002.017 million a year ago. Net income was PHP 187.585 million compared to PHP 232.822 million a year ago. Basic earnings per share was PHP 0.075 compared to PHP 0.093 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.