Travellers International Hotel Group, Inc. develops and operates Resorts World Manila, a tourism resort in the Philippines. The company operates through two segments, Casino and Non-casino. It operates a casino in its resort that covers an area of approximately 13,167 square meters. As of December 31, 2013, it operated 119 VIP tables, 168 mass tables, 1,822 slot machines, and 210 electronic game units. The company also provides various gaming facilities, hotels, retail stores, dining, leisure and entertainment facilities, residential condominiums, restaurants, shops, offices, malls, food and beverage outlets, boutiques, cinemas, and arts theaters, as well as leases commercial centers in its ...
Newport Entertainment & Commercial Centre
Newport Cybertourism Economic Zone
Pasay City, 1309
Founded in 2003
Travellers International Hotel Group, Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014 and Operating Results for the Six Months Ended June 30, 2014; Provides Capital Expenditure Guidance for the Year 2014
Aug 15 14
Travellers International Hotel Group, Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014 and operating results for the six months ended June 30, 2014. For the quarter, the company reported net revenues were PHP 7,267,484,777 against PHP 8,865,436,344 a year ago. Operating profit was PHP 1,678,677,936 against PHP 2,073,460,257 a year ago. Profit before tax was PHP 1,809,158,082 against PHP 1,340,055,729 a year ago. Net profit was PHP 1,163,255,736 against PHP 1,314,429,444 a year ago.
For the six months, the company reported net revenues were PHP 15,268,882,252 against PHP 19,164,722,154 a year ago. Net revenues declined by 19.5% primarily from lower gross gaming revenue. Operating profit was PHP 3,893,638,695 against PHP 3,370,771,720 a year ago. Profit before tax was PHP 3,537,045,271 against PHP 2,360,099,070 a year ago. Net profit was PHP 2,881,095,227 against PHP 2,309,823,046 a year ago. Diluted earnings per share were PHP 0.18 against PHP 0.48 a year ago. Earnings before interest, taxes, depreciation, and amortization (EBITDA) reached PHP 4.7 billion, 4.0% higher compared to PHP 4.5 billion reported in the same period last year. Net cash from operating activities was PHP 2,795,311,838 against PHP 4,300,645,844 a year ago. Acquisitions of property and equipment were PHP 1,491,909,331 against PHP 2,752,049,870 a year ago. Return on assets was 4.9% against 3.0% a year ago. Return on equity/investment was 8.3% against 4.9% a year ago.
For the first half, the company reported operating days of 181 against 181 a year ago. Ave daily property visitation was 18,698 against 18,542 a year ago. Average gaming units: VIP tables of 120, Mass tables of 168, Slots of 1,847 and ETG of 210 against VIP tables of 118, Mass tables of 168, Slots of 1,712 and ETG of 100 a year ago. Gaming units: VIP tables of 121, Mass tables of 169, Slots of 1,828 and ETG of 210 against VIP tables of 117, Mass tables of 168, Slots of 1,724 and ETG of 100 a year ago. Drop volume: VIP tables of 280,048, Mass tables of 12,221, Slots of 56,814 and ETG of 635 against VIP tables of 267,209, Mass tables of 11,234, Slots of 56,131 and ETG of 446 a year ago.
The company announced total capital expenditure for the year 2014 is budgeted to reach the PHP 7.0 billion level as the company accelerates the execution of its Phase 2 and 3 plans.
Travellers International Hotel Group, Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014
May 15 14
Travellers International Hotel Group, Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported net revenues of PHP 8,001,397,475 compared to PHP 10,299,285,810 a year ago. Operating profit was PHP 2,214,960,758 compared to PHP 1,297,311,463 a year ago. Profit before tax was PHP 1,727,887,188 compared to PHP 1,020,043,341 a year ago. Net profit for the period was PHP 1,717,839,490 or PHP 0.11 per basic and diluted share compared to PHP 995,393,601 or PHP 9.95 per basic and diluted share a year ago. EBITDA was PHP 2,611.4 million compared to PHP 1,986.4 million a year ago.