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.
