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Article: Pacific Online earnings climb by double digits
- Article from:
- The Manila Times
- Article date:
- August 8, 2009
- Author:
CopyrightCopyright Content Parnership Pty Ltd Aug 8, 2009. Provided by ProQuest LLC. (Hide copyright information)
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THE exclusive online lottery system provider of the Philippine Charity Sweepstakes Office (PCSO) in the Visayas and Mindanao said that its profit grew by double digits in the first half of the year due to its expansion and higher bets.
In a disclosure to the Philippine Stock Exchange, Pacific Online Systems Corp. said its net income from January to June this year reached P123 million, a 48-percent increase compared with P83 million last year.
Pacific Online said the improvement in earnings during the period was due to the roll-out of terminals and record lotto sales in February.
At end-June, revenues increased by 30 percent to P495.5 million from P382.3 million in the same period last ...