trending Market Intelligence /marketintelligence/en/news-insights/trending/9jB0ELU0_WefcskxGx6Q9A2 content esgSubNav
In This List

Waterfront Philippines Q2 profit climbs 93.5% YOY


Master of Risk | Episode 7 : John Kevill


The World's Largest P&C Insurers, 2023


The Worlds Largest Life Insurers, 2023

Case Study

A Law Firm Harnesses Data to Drive a Powerful Business Intelligence Dashboard

Waterfront Philippines Q2 profit climbs 93.5% YOY

Waterfront Philippines Inc. said its second-quarter normalized net income came to 30.8 million pesos, a gain of 93.5% from 15.9 million pesos in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin fell to negative 1.2% from 3.5% in the year-earlier period.

Total revenue increased 9.1% year over year to 496.6 million pesos from 455.1 million pesos, and total operating expenses increased on an annual basis to 429.8 million pesos from 424.3 million pesos.

Reported net income rose on an annual basis to 52.5 million pesos, or 2 centavos per share, from 19.0 million pesos, or 1 centavos per share.

As of Aug. 18, US$1 was equivalent to 46.31 Philippine pesos.