DoubleDragon net income up in first half of 2023 | ABS-CBN
ADVERTISEMENT
Welcome, Kapamilya! We use cookies to improve your browsing experience. Continuing to use this site means you agree to our use of cookies. Tell me more!
Business
DoubleDragon net income up in first half of 2023
DoubleDragon net income up in first half of 2023
ABS-CBN News
Published Aug 15, 2023 09:25 AM PHT
MANILA -- DoubleDragon Corporation on Tuesday said its consolidated net income rose to P1.60 billion in the first 6 months of 2023, up from P1.2 billion in the same period last year.
MANILA -- DoubleDragon Corporation on Tuesday said its consolidated net income rose to P1.60 billion in the first 6 months of 2023, up from P1.2 billion in the same period last year.
Consolidated revenues, meanwhile, were up 15.62 percent at P3.94 billion. Rental income was also up 20.22 percent at P1.95 billion as traffic increased across DoubleDragon's leasing properties.
Consolidated revenues, meanwhile, were up 15.62 percent at P3.94 billion. Rental income was also up 20.22 percent at P1.95 billion as traffic increased across DoubleDragon's leasing properties.
In a disclosure to the Philippine Stock Exchange, the company said they now have a strong diversified portfolio of 1.29 million square meters of gross floor area that bring in recurring revenue.
In a disclosure to the Philippine Stock Exchange, the company said they now have a strong diversified portfolio of 1.29 million square meters of gross floor area that bring in recurring revenue.
The firm said their next goal is to grow its portfolio targeting 3 Million square meters.
The firm said their next goal is to grow its portfolio targeting 3 Million square meters.
ADVERTISEMENT
DoubleDragon also operates community malls CityMall, hotel chains Hotel101 and warehouse complexes, among others.
DoubleDragon also operates community malls CityMall, hotel chains Hotel101 and warehouse complexes, among others.
DoubleDragon's first quarter consolidated net income grew over 10.83 percent to P520.09 million.
DoubleDragon's first quarter consolidated net income grew over 10.83 percent to P520.09 million.
RELATED STORY:
ADVERTISEMENT
ADVERTISEMENT