DITO CME net loss soars to P4.6 billion

·1 min read

DITO CME Holdings Corp. saw its attributable net loss for the second quarter of the year widen to P4.63 billion from a loss of P1.18 billion previously, mainly due to higher expenses.

Total revenues for the period surged to P1.70 billion from P278.58 million in the same period a year ago, the company announced.

However, total expenses for the second quarter climbed 98.4 percent to P5.10 billion from P2.57 billion in the same period in 2021.

Attributable net loss for the first half balloned to P8.30 billion, from a loss of P2.05 billion previously. (PR)