Philweb vice chairman resigns to focus on other roles

    Philweb said Vice Chairman and Director Eric O. Recto has resigned effective July 21st, to focus on his roles at ISM Communications Corporation and Philippine Bank of Communications.
    The company, which runs a chain of internet gambling cafes across the Philippines, gave no details of a potential successor.
    Last week, the company said its profit in the three months through June dipped slightly though operating revenue rose. It reported 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.