NAGA CITY — Naga City’s central bus terminal, now called Bicol Central Station, posts Php 51M in total revenue for 2019.
In a Facebook post by BCS Operations Manager, Nonoy Reforsado, Bicol Central Station’s net income for 2019 is at Php 28,877,652.44 with its operating expenses just at Php 22,111,192.39, less than half of the total revenue of Php 50,998,844.83, a 230.6% financial self-sufficiency.
Bulk of the revenue comes from the Bus Terminal Fees which comprised about 74.62% of the total revenue, 17.32% from the Stall/Space Rentals, 7.87% from Other Facility Services, and 0.18% from Miscellaneous Income.
Since its manangement takeover from FPM Corporation, BCS has seen a steady increase in revenue since 2014, from Php 35M in revenues in 2014, to 2019’s almost Php 51M total revenues.
Bicol Central Station is one of two major sources of revenue for the City Government of Naga, the other being the Naga City People’s Mall (Formerly Naga City Public Market).