Waterfront records P1.9-M loss in second quarter

Listed Waterfront Philippines Inc. dived into net loss during the second quarter of the year, after the tension in Southeast Asia caused by territorial disputes, among others, affected the country’s tourism industry.

In its financial statement posted in the Philippine Stock Exchange website, Waterfront disclosed that it posted a net loss of P1.9 million during the April to June 2013 period, compared to the same period in 2012 when it registered a net income of P2.3 million.