GLOBAL-ESTATE Resorts, Inc. (GERI), the integrated leisure and tourism subsidiary of Megaworld Corp., said its net income last year jumped 50 percent to P1 billion from P667 million in 2015 on the back of strong revenue growth from its core residential businesses.

GERI’s residential businesses produced around 83 percent of total revenue last year, the company said in a disclosure to the Philippine Stock Exchange (PSE) on Monday.

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