• LOtO 3Q profit falls slightly


    The third-quarter profit of listed Pacific Online Systems Corp. (LOTO) slightly fell from its last year’s net income, as the company lowered the lease rate of its online lottery equipment. The lottery equipment and service provider disclosed to the Philippine Stock Exchange on Thursday that it posted a net income of P256 million for the nine-month period ending September 30, 2013, which is 8 percent below the previous year’s P278 million.
    Madelaine B. Miraflor


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