In a disclosure to the Philippine Stock Exchange, the firm said its topline more than doubled to P3.71 billion in the first half of 2023 from P1.82 billion in the same period last year.
The second quarter of 2023 net income grew to P186.2 million from P101.8 million in the same period last year due to business volume growth in almost all the operating subsidiaries. In the second quarter, meal volume totaled 5.65 million, an increase of 65 percent and four percent compared to the second quarter of 2022 and first quarter of 2023, respectively.
Flights handled increased 57 percent from 56,455 in 2022 to 88,468 in the current year. Second quarter 2023 flights handled totaled 44,412 which is 34 percent and one percent higher than the second quarter of 2022 and first quarter of 2023, respectively. Revenues from the water segment increased 25 percent. Commercial water sales in Boracay Island grew, and new accounts continued to boost billed volumes in other areas such as Cavite and Nueva Vizcaya.