trending Market Intelligence /marketintelligence/en/news-insights/trending/U-20ZK36Lwpgq4PfpNhtug2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

Leisure & Resorts World Q3 profit climbs 39.0% YOY

Blog

Minimizing Risk at a Bank with a Trade Intelligence Platform

Blog

2021 US broadband forecast lifted by rising digital home profiles

Blog

Q1 2021 Global Capital Markets Activity: SPAC IPOs, Issuance in Consumer Discretionary Sector Surge

Blog

Latin American and Caribbean Market Considerations Blog Series: Focus on IFRS 9


Leisure & Resorts World Q3 profit climbs 39.0% YOY

Leisure & Resorts World Corp. said its normalized net income for the third quarter amounted to 15 Philippine centavos per share, a gain of 44.9% from 10 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 216.6 million pesos, a gain of 39.0% from 155.8 million pesos in the prior-year period.

The normalized profit margin dropped to 9.7% from 15.7% in the year-earlier period.

Total revenue rose 24.6% on an annual basis to 1.24 billion pesos from 991.5 million pesos, and total operating expenses rose 32.7% on an annual basis to 963.4 million pesos from 726.0 million pesos.

Reported net income increased 53.5% on an annual basis to 346.7 million pesos, or 24 centavos per share, from 225.9 million pesos, or 15 centavos per share.

As of Nov. 12, US$1 was equivalent to 47.00 Philippine pesos.