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.
Belle Corporation (Belle) and Premium Leisure Corp. (PLC) were recently recognized as listed companies that sustain good governance practices. Scoring over 90 points, Belle and PLC were two of the eight SM companies awarded during ceremonies held last July 31, 2018 at the Tower Club in Makati. The Institute of Corporate Directors organized the awards and has been serving as the domestic ranking body of the ASEAN Corporate Governance Scorecard.
About Belle Corporation
Belle Corporation celebrated its 45th founding anniversary on August 20, 2018 at its corporate headquarters in Pasay City.
Willy N. Ocier, Belle Corporation Vice Chairperson; and Manuel A. Gana, President and Chief Executive Officer, led the momentous occasion and were joined by Belle’s management, officers and staff.