Pacific Online Systems Corporation (“LOTO”)posted consolidated net income of P133.0 million in the first sixmonths of the year, 14 percent above the previous year’s P117.0 million principally due to revenues of P536.3 million which increased by 13 percent from last year’s P474.4 million.

The modest growth in the first semester, was mainly du to weaker-than-expected lotter sales caused by power outages in Visayas and Mindanao territory. Pacific Online expects sales and revenue growth to recover for the rest of the year with the improved power situation, continued roll-out of terminals, introduction of new games, wider network of reatil outlets, and intensified marketing and distribution infrastracture for the Philippine Charity Sweepstakes Office (“PCSO”) lottery products.