DigiPlus Earnings Expand 61% in 6 Months

Digital entertainment company DigiPlus Interactive Corp. of tycoon Eusebio Tanco saw its profit balloon by more than half in the first semester, driven by the continued growth in its retail games segment as well as contributions from new product offerings and operational efficiencies.

- Richmond Mercurio

DigiPlus, operator of digital entertainment platforms BingoPlus, ArenaPlus and GameZone, recorded a net income of P8.4 billion in the first half, a 61-percent hike from a year ago.

For the second quarter alone, its net income climbed by 30 percent year-on-year to P4.20 billion.

Revenues for the first half surged by 47 percent to P47.78 billion on the back of increased business activity and the rollout of new games and licenses approved by the Philippine Amusement and Gaming Corp.

DigiPlus was included for the second consecutive year in the Fortune 500 Southeast Asia list.