US EditionIDC profit rises on lower costs, property value gains - BusinessWorld Online
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IDC profit rises on lower costs, property value gains - BusinessWorld Online
LISTED REAL ESTATE company Italpinas Development Corp. (IDC) saw a 102.2% increase in net income for 2024 to P376.8 million from P186.3 million in 2023 on reduced costs and property value gains. The company’s higher profit came from initiatives to increase gross margin and lower fixed costs such as project management, administrative, and marketing cost and interest expense, IDC said in a statement over the weekend. “Another significant contribut…
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