GERI H1 net income soars

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Global Estates Resorts (GERI), the tourism and leisure subsidiary of Megaworld Corp, posted a 37 percent increase in net income for the first half of the year as it rode on the government’s focus on regional development. Net income for the period amounted to P465 million, compared with P339 million in the first half of 2015. Consolidated revenue during the period jumped by 36 percent to P2.86 billion.-

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