(Pasay City, Philippines) Premium Leisure Corp. (PLC) realized consolidated revenues of Php2.080 billion for the year ended 2022, up by 20% from the previous year’s Php1.727 billion. As a result, PLC’s consolidated net income of Php1.256 billion was 12% higher than 2021’s Php1.123 billion.
Driven mainly by further re-opening and revitalized economic activities in 2022, the gaming revenue share of its wholly owned subsidiary PremiumLeisure & Amusement, Inc. increased by 20% to Php1.561 billion from Php1.300 billion in 2021.
Pacific Online Systems Corporation, which is 50.1%-owned by PLC, also delivered strong 2022 results, posting a 22% uptick in revenues amounting to Php519 Million from Php426 million in 2021.
The solid 2022 results enabled PLC to declare a regular dividend of Php0.05024 per share on February 28, 2023, payable on March 28, 2023 to shareholders of record as of March 15, 2023.
About Premium Leisure Corp.
Premium Leisure Corp. (PLC) is an investment holding company that participates in gaming-related businesses in the Philippines. Through its partnership with Melco Resorts and Entertainment (Philippines) Corporation, PLC has an interest in the development of City of Dreams Manila, an integrated entertainment and gaming complex located at the Philippine Amusement and Gaming Corporation (PAGCOR) Entertainment City in Parañaque City.
PLC also owns a 50.1% stake in Pacific Online Systems Corporation, a publicly-listed company that provides lottery software and equipment to the Philippine Charity Sweepstakes Office, the government entity that runs lottery operations in the country.