Arthaland net profit surges 59% to P1.4B

By Brix Lelis

Apr 06, 2024 12:18 am

ARTHALAND Corp., a real estate firm owned by the Po family, said its net income surged 59 percent to P1.4 billion in 2023, from P873.1 million a year earlier, as revenues more than doubled, driven by strong sales.

In a filing on Friday, the company said brisk sales of office and residential units as well as commercial lots had boosted consolidated revenues to P6.6 billion from P2.9 billion.

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