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Manila Bulletin devider Business devider The Stock Market devider DigiPlus to sustain growth by ramping up portfolio

DigiPlus to sustain growth by ramping up portfolio

Published Jul 11, 2024 04:48 am

Listed gaming firm DigiPlus Interactive Corporation aims to sustain its growth momentum by ramping up the diversification of its portfolio of online products.

“We intend to sustain our growth momentum by continuing to invest in innovation and new technologies to enhance user experience and adding new digital offerings traditionally well-loved by Filipinos,” said DigiPlus President Andy Tsui.

He added that, “By delivering innovative, fun, and accessible digital offerings, we aim to continue revolutionizing the entertainment space in the Philippines.”

Tsui noted that DigiPlus is continuously focusing on its efforts to diversify its portfolio as it introduced BingoPlus Poker and Tongits in its roster of digital entertainment platforms this year.

DigiPlus’ growth momentum was recognized by Fortune Magazine with its inclusion in the maiden Fortune Southeast Asia 500 as one of the 38 Philippine companies that made it to the list.

The firm was ranked 482nd overall with a revenue of $490.2 million and a $73.4 million profit. Profit was driven by the digital retail segment and new platforms while topline was driven by the growth of its bingo platform BingoPlus and its sportsbook app ArenaPlus.

The Fortune Southeast Asia 500 ranked Southeast Asia companies based on their revenues as of last year to come up with the most profitable businesses in the region.

Companies that made the cut generated $1.79 trillion in revenue last year. Fortune noted that this was a 2.5 percent from the previous year. Earnings meanwhile contracted 9.6 percent to nearly $130 billion.

“With this new list, we turn the spotlight on the impressive growth story of Southeast Asia and the companies driving this diverse region and its economies,” said Fortune’s Chief of Operations for AsiaKhoon-Fong Ang.

Tsui said “We thank Fortune for recognizing the promising growth and development of the region by introducing the first Fortune Southeast Asia 500 list. We are honored to be a part of this milestone.”

"Companies included in the Southeast Asia 500 join an elite group of firms recognized under the Fortune 500 franchise, which spans the original Fortune 500, the Fortune Global 500, the Fortune Europe 500, and the Fortune China 500," he noted.

Among the Philippine companies that were included in the list, San Miguel Corporation was the leader with a revenue of $26.03 billion last year (ranking the conglomerate at ninth overall in the region).

Joining San Miguel in the top three are SM Investments Corporation (ranked 27th with a $10.28 billion revenue) and Manila Electric Company ( ranked 34th with a revenue of $7.98 billion).

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Andy Tsui DigiPlus Interactive Corp. (DigiPlus)
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