Pacific Online posts H1 loss on higher costs, revenue drop

By Earl John Alfaro

Aug 05, 2024 12:11 am

LISTED lottery firm Pacific Online Systems Corp. (POSC) nearly broke even in the first half, posting a net loss of P226,088 following a year-earlier profit of P145.5 million due to increased expenses coupled with a drastic drop in revenue.

The company said it was also affected by the delisting of majority stakeholder Premium Leisure Corp. (PLC) earlier this year.

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