DOUBLEDRAGON Properties Corporation said net income for the first half increased 16 percent from a year ago to P144 million driven by a surge in rental revenues.

In a disclosure to the Philippine Stock Exchange on Monday, DoubleDragon said rental revenues soared 649 percent in the first six months, which was driven by its CityMall developments which are already operational and by Dragon8 Mall in Divisoria which is now 95 percent leased out.

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