Pacific Online Systems Corporation is a online lottery equipment provider and then now have plans to buy back two million shares for approximately P20 million dollars to preserve their value.

In a recent disclosure by Pacific Online they said that their board has give the ok for the share buy back plan.

They also said that they had approved a cash dividend of eight centavos a share with a record date of August 8th and another 17 centavos a share with a record date on November 17th.

In addition to that the company said that the Philippine Charity Sweepstakes Office has authorized the Corporation to sell another 20 million Scratch It tickets at P20 a ticket.

Pacific Online is expecting their revenues to grow 25 percent to P600 million from P479 million from their lottery games alone.







- 2008-07-24