written and last updated by
Sam Smith at
24 Feb 2025
Journalist, Editorial Department
The board of directors of Belle Corporation approved a cash dividend of 0.06 Philippine pesos (₽0.09) per share last Friday. This decision comes in light of the company's strong financial performance and anticipated revenue growth in 2024.
According to a document submitted to the Philippine Stock Exchange on Monday, the total payout will amount to 582 million pesos (approximately ₽884.64 million). The dividends will be distributed to common shareholders on March 21, 2025.
Last year, the company achieved a 5% increase in consolidated revenue, rising to 5.89 billion pesos (₽8.95 billion) from 5.6 billion pesos (₽8.51 billion) in 2023. Additionally, the corporation's net profit grew by 7%, reaching 2.4 billion pesos (₽3.65 billion) compared to 2.3 billion pesos (₽3.5 billion) in 2023.
Belle Corporation is a Philippine holding company involved in real estate, gaming, and hospitality. It owns Premium Leisure Corp, the operator of City of Dreams Manila, one of the country's largest casino resorts. The corporation manages entertainment complexes, hotels, and luxury residential properties, generating revenue from tourism and gaming activities.
Armin Raquel Santos, President and CEO of Belle Corporation, stated, "In 2024, the Belle group remained profitable due to the resilience of our business, strategic focus, and healthy balance. By leveraging proven approaches, we collaborated with management teams, employees, and business partners to provide the best services to our loyal customers."
It is worth noting that PAGCOR transferred over 17 billion pesos to the Philippine treasury from January to May 2024.
