Vol. XXI, No. 136 [ Business World Online ]
Monday, February 11, 2008 | MANILA, PHILIPPINES
PROPERTY FIRMS posted double-digit growth in 2007 as they added more projects and controlled expenses.
Ayala Land, Inc. (ALI), the country’s largest property developer, said on Friday that it posted a 13.44% increase in net income to P4.39 billion amid flat revenues and a decline in cost and expenses.
Meanwhile, Sy-led SM Prime Holdings, Inc., the country’s largest shopping mall developer and operator, registered an 11.11% increase in net income in 2007 to P6 billion with the opening of three new malls and expansion of existing three malls. >> > [ full story ]
