PLC Declares Cash Dividends

Pasay—(PHStocks)—Premium Leisure Corp. (PSE: PLC) has reported full-year consolidated EBITDA of PhP987.3 million coming from gaming share in City of Dreams Manila, which has been fully operational for the year, as well as lottery equipment rental related revenues as a result of Pacific Online Systems Corp. (POSC, PSE: LOTO) consolidation effective 5 August 2015. Full year consolidated net income is at PhP223 million for 2015.

On February 23, 2016, PLC’s Board of Directors approved the declaration of cash dividends of PhP0.0215 per share, for a total cash dividend payment to its common shareholders of approximately PhP680 million, payable on 23 March 2016 to shareholders of record as of 10 March 2016. The amount of cash dividend is approximately 99.3% of 2015 unrestricted retained earnings (based on PLC parent company financial statements).