Grand Plaza Hotel Corporation reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was PHP 59.44 million compared to PHP 58.82 million a year ago. Revenue was PHP 88.23 million compared to PHP 68.86 million a year ago.

Net loss was PHP 20.78 million compared to net income of PHP 2.84 million a year ago. Basic loss per share from continuing operations was PHP 0.39 compared to basic earnings per share from continuing operations of PHP 0.05 a year ago. Diluted loss per share from continuing operations was PHP 0.39 compared to diluted earnings per share from continuing operations of PHP 0.05 a year ago.