Philweb reports dip in quarterly profit, revenue rises

    Philweb, which operates internet cafes dedicated to online gambling across the Philippines, said its profit in the three months through June dipped slightly though operating revenue rose.
    The company posted a profit attributable to parent equity holder of 211.84 million pesos ($4.9 million), compared with 262.47 million a year earlier. Earnings per share dipped to 0.180 from 0.189.
    Operating revenue rose to 414.6 million pesos, from 373.5 million pesos in the same period a year earlier.
    In the year to date, profit has fallen to 431.3 million pesos, from 528.7 million pesos, while operating revenue is up to 804.9 million pesos from 745 million pesos.