PhilWeb Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 14, 2023 at 01:41 am EST
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PhilWeb Corporation reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was PHP 93.7 million compared to PHP 112.87 million a year ago. Revenue was PHP 200.95 million compared to PHP 209.47 million a year ago. Net loss was PHP 2.93 million compared to net income of PHP 5.9 million a year ago. Basic loss per share from continuing operations was PHP 0.002 compared to basic earnings per share from continuing operations of PHP 0.005 a year ago. Diluted loss per share from continuing operations was PHP 0.002 compared to diluted earnings per share from continuing operations of PHP 0.005 a year ago.
For the nine months, sales was PHP 287.08 million compared to PHP 314.69 million a year ago. Revenue was PHP 604.59 million compared to PHP 594.65 million a year ago. Net loss was PHP 13.64 million compared to net income of PHP 23.53 million a year ago. Basic loss per share from continuing operations was PHP 0.011 compared to basic earnings per share from continuing operations of PHP 0.018 a year ago. Diluted loss per share from continuing operations was PHP 0.011 compared to diluted earnings per share from continuing operations of PHP 0.018 a year ago.
PhilWeb Corporation is a Philippines-based company, which is engaged in developing, designing, building, operating, and managing gaming systems, applications, and operating platforms and facilities. It also manages online system computer systems, terminals, servers, and routers together with interconnecting and interlinking the telecommunications systems. The Company's subsidiaries include PhilWeb Casino Corporation, XO Corporation, PhilWeb Asia-Pacific Corporation, Premyo Sa Resibo, Inc., BigGame, Inc., PhilWeb International Gaming Corporation, PhilWeb Leisure & Tourism Corporation, PhilWeb Mobile Lottery Corporation, NDM Bingo Center 7, Inc., NDM Bingo Center 1, Inc., NDM Bingo CenterTomas Morato, Inc., NDM Bingo Center Visayas, Inc., PhilWeb Tourism & Entertainment Corporation, PhilWeb Software Corporation, PhilWeb Celebrity Corporation, PhilWeb Convergence Corporation, PhilWeb Cyberworld Corporation, and others.