Premium Leisure Corp (PLC), the gaming arm of Philippines real estate investor Belle Corp, saw revenue from its City of Dreams Manila share agreement with Melco Resorts climb 18% in 1H18 to Php1.73 billion.
PLC also enjoyed a 9% increase in KENO equipment lease rental revenues in 1H18 to Php409.1 million on the back of improved ticket sales while Commission and distribution income from Lucky Circle outlets increased by 53% to Php242.6 million.
Combined revenue for the period totaled Php2.83 billion, up 12%, with City of Dreams comprising 61% of PLC’s total and helping the company book a 30% rise in net income to Php1.3 billion.
Operating EBITDA for the period grew 18% to Php1.5 billion, 18% more than its reported EBITDA of Php1.3 billion for the same period in 2017.
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