{"id":33228,"date":"2022-09-05T04:58:13","date_gmt":"2022-09-05T07:58:13","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=33228"},"modified":"2026-04-23T05:13:01","modified_gmt":"2026-04-23T08:13:01","slug":"premium-leisure-corp-posts-net-profit-of-us14-7m-for-h1","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/premium-leisure-corp-posts-net-profit-of-us14-7m-for-h1","title":{"rendered":"Premium Leisure Corp posts net profit of US$14.7m for H1"},"content":{"rendered":"\n

Premium Leisure Corp attributed the improvement in revenues to more robust economic activity in 2022 despite the continuing effects of the Covid-19 pandemic.<\/p>\n\n\n\n\n\n\n\n

The Philippines.-\u00a0Premium Leisure Corp (PLC)\u00a0<\/strong>has shared its financial results for the first half of the year, reporting a net profit of PHP836.9m (US$14.7m). The figure was up 47 per cent (PHO266.7m) from the net income of PHP570.2m reported in the first half of 2021.<\/p>\n\n\n\n

The company reported\u00a0consolidated revenues of PHP1,189.4m<\/strong> for the six months ended June 30, 2022, up by PHP178.5m or 18 per cent from the same period last year.<\/p>\n\n\n\n

PLC owns Premium Leisure and Amusement, Inc. (PLAI), a co-licensee in City of Dreams Manila<\/a>. PLAI gaming share increased by PHP165.0m to PHP970.6m from PHP805.5m due to the gradual improvement in casino operations and the easing of quarantine restrictions. <\/p>\n\n\n\n

In June 2014, PLC acquired a 50.1 per cent stake in Pacific Online Systems Corporation (POSC) from Belle Corporation<\/a>. This unit is engaged in the development, design, and management of lottery software and terminals for its principal client, the state-run Philippine Charity Sweepstakes Office (PCSO).<\/p>\n\n\n\n

In the first half of the year,\u00a0POSC revenue was up 17 per cent year-on-year to PHP218.9m<\/strong>\u00a0due to the higher Lotto sales during the period.\u00a0POSC operating expenses decreased 22 per cent from PHP190m in the first half of 2021 to PHP147.2m in the first half of 2022 due to cost efficiency measures.<\/p>\n\n\n\n

Operating EBITDA for the period was at PHP946.8m higher by 35 per cent than the EBITDA of PHP701.8m as of June 30, 2021.<\/p>\n","protected":false},"excerpt":{"rendered":"

Premium Leisure Corp attributed the improvement in revenues to more robust economic activity in 2022 despite the continuing effects of the Covid-19 pandemic.<\/p>\n","protected":false},"author":176,"featured_media":16789,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Premium Leisure Corp (PLC) reported a robust financial performance for H1 2022, with net profit surging 47% to PHP836.9m, driven by a 18% increase in consolidated revenues to PHP1,189.4m. This growth is attributed to enhanced economic activity, the gradual recovery of casino operations at City of Dreams Manila via its co-licensee PLAI, and strong lottery sales from Pacific Online Systems Corporation (POSC), complemented by effective cost efficiency measures.","focusai_entities":"Premium Leisure Corp, Premium Leisure and Amusement, Inc., City of Dreams Manila, Pacific Online Systems Corporation, Belle Corporation, Philippine Charity Sweepstakes Office","focusai_location":"Philippines","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"H2 Strategic Outlook","query":"What are PLC's strategic priorities and projected capital allocation for H2 2022, specifically regarding potential M&A activities or further investment in digital transformation initiatives across its gaming verticals?"},{"label":"Regulatory Compliance Impact","query":"How might evolving regulatory compliance requirements or new licensing opportunities in the Philippines influence PLC's operational strategies and market expansion plans in the medium term?"}],"footnotes":""},"categories":[163,16333],"tags":[],"class_list":["post-33228","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","category-south-east-asia-news"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/33228","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=33228"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/33228\/revisions"}],"predecessor-version":[{"id":33237,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/33228\/revisions\/33237"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/16789"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=33228"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=33228"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=33228"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}