Waterfront Philippines, Incorporated Reports Earnings Results for the First Quarter Ended March 31, 2020
July 01, 2020 at 07:32 pm EDT
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Waterfront Philippines, Incorporated announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced total revenue was PHP 459.337 million compared to PHP 470.342 million a year ago. Net income was PHP 75.245 million compared to PHP 130.971 million a year ago. Basic earnings per share was PHP 0.03 compared to PHP 0.052 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.
WATERFRONT PHILIPPINES, INCORPORATED 
