LISTED property developer Shang Properties Inc. reported on Friday that its consolidated net income for 2015 grew to P2.8 billion from P2.7 billion a year earlier mainly due to higher condominium sales and rental revenue.
In a disclosure to the Philippine Stock Exchange, Shang Properties attributed the improvement in earnings to higher gross revenues, which rose 8.8 percent to P8.3 billion from the P7.6 billion posted in 2014.
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