Travellers International Hotel Group, Inc. Announces Unaudited Consolidated Earnings Results for First Quarter Ended March 31, 2018
May 11, 2018 at 06:20 am EDT
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Travellers International Hotel Group, Inc. announced unaudited consolidated earnings results for first quarter ended March 31, 2018. For the quarter, the company reported net revenues of PHP 4,483,520,155 compared to PHP 5,261,625,129 a year ago. Operating profit was PHP 353,129,915 compared to PHP 954,463,305 a year ago. Profit before tax was PHP 449,927,653 compared to PHP 688,454,918 a year ago. Net profit for the quarter was PHP 444,047,425 compared to PHP 685,068,637 a year ago. Total comprehensive income for the quarter was PHP 441,247,425 compared to PHP 685,368,637 a year ago. EBITDA was PHP 839.7 million compared to PHP 1,420.3 million a year ago. Gross revenues for the three months ended March 31, 2018 amounted to PHP 5,461.5 million compared to PHP 6,331.7 million for the same period in 2017.
Travellers International Hotel Group Inc is a Philippines-based developer and operator of Resorts World Manila, an integrated tourism resort in the Philippines. It is developing several new hotels and other gaming and non-gaming attractions at Resorts World Manila. Its offerings include hotels, restaurants, shopping, Newport cinemas, shows and events, nightlife and casino. Resorts World Manila is an approximately 11.5-hectare integrated tourism resort owned by the Company that is strategically located across from the Ninoy Aquino International Airport (NAIA) Terminal 3 (NAIA-3) in Pasay City, Manila and approximately five kilometers away from each of NAIA Terminal 1 (NAIA-1) and NAIA Terminal 2 (NAIA-2) and directly linked to Makati. The Companyâs subsidiaries include APEC Assets Ltd. (APEC), Bright Leisure Management, Inc., Grand Venture Management Services, Inc. Grand Services, Inc., Grand Integrated Hotels and Recreation, Inc. and Newport Star Lifestyle Inc.
TRAVELLERS INTERNATIONAL HOTEL GROUP INC 