AYALA-LED Prime Orion Philippines Inc. (POPI) posted net income of P27.8 million in the six months to December 2016, down sharply from the previous year’s profit of P432 million, in the absence of a one-time gain from the sale of property assets the year before.
“Income last year was mainly attributable to the gain on the sale of investment properties in Mandaue, Cebu City, and Sto. Tomas, Batangas,” POPI said in its quarterly report released on Friday.
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