Cebu Holdings Inc. (CHI), the Ayala Group’s main developer in Cebu City, saw its net income climb in the first nine months of 2015, on the back of real estate sales and rental income on malls, offices, and land leases.

CHI’s January-September 2015 net income went up by 31.5 percent to P530 million from P403 million in the same period of 2014.

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