Clark Devt Corp. posts financial gains in 2023

by The Manila Times

Apr 06, 2024 12:11 am

THE Clark Development Corp. (CDC) reported a net income of P2.79 billion in 2023, up by 28 percent from P2.19 billion at the close of 2022. Total assets of the state-owned firm stood at P13.81 billion, posting a 12-percent growth from the 2022 figure of P12.31 billion.

The Commission on Audit substantiated the figures and recently issued an unmodified opinion on the CDC financial statements for the said year.

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