Lottery sales raise Pacific Online Systems H1 net income to P201M

Deploying more Lotto and Keno machines across the country grew Pacific Online Systems Corp.’s net income to P201 million in the first six months of the year, up a modest 2.18 percent from P196.7 million a year earlier.

 

Operating income went up 11 percent to P265.8 million from P239.7 million, the lottery company whose shares are traded on the Philippine Stock Exchange said in a statement released Friday.

 

Total revenues reached P755.3 million, up 10 percent from P685.5 million. 

 

“The modest growth in the first semester… was mainly due to increases in terminals deployed for both Lotto and Keno operations, which resulted in higher lottery sales, Pacific Online Systems said. — VS, GMA News