Belle Corp posted a 30-percent decline in profits last year on the absence of one-time non-recurring gain, and its net income dropped to P2.56 billion from P3.64 billion from a year ago, a company announcement said on Friday.

If not for the one time gain in 2013 from its casino partnership with Melco Crown Entertainment Limited valued at P1.87 billion, Belle would have hiked profits by 81 percent to P1.04 billion from P572 million, the company statement said.

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