trending Market Intelligence /marketintelligence/en/news-insights/trending/02k_ZBkdGrmB-8EqzRHKlg2 content esgSubNav
In This List

Grand Plaza Hotel Q1 profit climbs 62.8% YOY

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Price wars in India: Disney+ Hotstar vs. Amazon Prime Video vs. Netflix


Grand Plaza Hotel Q1 profit climbs 62.8% YOY

4982353 said its normalized net income for the first quarter amounted to 8 Philippine centavos per share, an increase of 74.3% from 4 centavos per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 4.2 million pesos, a gain of 62.8% from 2.6 million pesos in the year-earlier period.

The normalized profit margin climbed to 3.6% from 2.2% in the year-earlier period.

Total revenue rose on an annual basis to 115.9 million pesos from 114.1 million pesos, and total operating expenses fell year over year to 111.6 million pesos from 113.2 million pesos.

Reported net income grew 66.9% year over year to 4.8 million pesos, or 9 centavos per share, from 2.9 million pesos, or 5 centavos per share.

s of May 8, US$1 was equivalent to 44.58 Philippine pesos.Grand Plaza Hotel Corp.

4982353 said its normalized net income for the first quarter amounted to 8 Philippine centavos per share, an increase of 74.3% from 4 centavos per share in the prior-year period.