Philweb posts 2023 loss, rebounds in Q1

By Brix Lelis

Apr 16, 2024 12:19 am

GAMING technology provider Philweb Corp. ended 2023 with a net loss of P72 million but started this year on a high note as it swung back to profitability with a P2.3-million net income in the first quarter.

The 2023 result was a turnaround from the P27 million net income booked a year earlier, despite total revenues expanding to P816 million, Philweb said in a filing on Monday.

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