Belle Corp., a listed developer of tourism and leisure destinations, said Wednesday it more than doubled its net profit to P1.71 billion from P745 million on strong revenue growth.
Consolidated revenues last year rose by 58 percent to P5.41 billion from P3.42 billion in 2021.
“We built on the opportunities presented given the improving COVID-19 situation in the Philippines and around the world and the full economic reopening to deliver stellar results and continue our shared recovery,” said Belle president and chief executive office Jackson Ongsip in a statement.
Meantime, Belle’s board approved the declaration of a regular cash dividend of P0.06 per share for shareholders on record March 15. The cash dividend, which total P600 million, will be paid on March 30.
