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CDL subsidiary Grand Plaza Hotel swings to nine-month loss after tax of PhP 66.54 million
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CDL subsidiary Grand Plaza Hotel swings to nine-month loss after tax of PhP 66.54 million
  • Grand Plaza Hotel, a City Developments subsidiary, posted a PHP 66.54 million net loss for the nine months ended September 30, 2026.
  • The result reversed a PHP 24.86 million net profit a year earlier; revenue fell 15.8% to PHP 303.84 million.
  • Rental income declined by PHP 48.5 million following the casino tenant's early contract termination; operating expenses rose 7.3%.
  • Third-quarter net loss reached PHP 23.26 million, versus a PHP 52.48 million profit a year earlier; revenue dropped 33.7%.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CDL - City Developments Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: VC2N9YC2V9X8OEAI) on November 06, 2026, and is solely responsible for the information contained therein.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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