Belle Corporation achieves record revenues and recurring net income in 2018

 

Belle Corporation reported consolidated revenues of Php8.5 billion for 2018, up 6% compared to Php8.0 billion in 2017. Belle’s consolidated net income decreased 8% to Php3.2 billion in 2018 from Php3.5 billion the previous year; however, excluding capital gains on sales of non-core investments and extraordinary items, Belle’s 2018 recurring net income of Php3.6 billion was 10% higher than its 2017 recurring net income of Php3.3 billion. Belle’s revenues and recurring net income for 2018 were both record levels, driven primarily by growth in gaming revenues.

Belle Corporation’s recurring net income increases 19% for nine months 2018

City of Dreams Manila

 

Belle Corporation’s recurring net income of Php 2.94 billion for the nine months ended September 30, 2018 was 19% higher than the Php 2.47 billion reached for the same period in 2017. Belle’s consolidated net income of Php 2.68 billion for the 2018 period was up only 1% compared to Php 2.65 billion achieved in the 2017 period, with the lower growth rate due mainly to one-time gains recorded in 2017 from sales of non-core investments and properties.