MANILA, Philippines -Property developer Ovialand Inc. said profits jumped 37 percent in 2023 due to strong sales coming from its pioneering premium affordable homes segment. The builder, which is planning to list on the Philippine Stock Exchange via a P2-billion initial public offering in the middle of the year, said net income reached P227 million in 2022 from P166 million the previous year. Revenues last year jumped 64 percent to P1.4 billion. This also brought growth in the past three years to 300 percent, it said in a statement.

https://business.inquirer.net/391380/ovialand-2022-income-up-37

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