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AbaCore Capital Holdings Inc. said it grew its profit last year reached P2 billion.
“AbaCore’s profits for the year primarily came from P1.9 billion worth of gain on revaluation on its assets,” the company said.
“Other sources of income include a gain of P399.7 million from the sale of investment properties, P71.76 million from the sale of investment in subsidiaries, and P15.2 million in dividends received from its subsidiaries,” it added.
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“With the momentum we have secured in 2022, the year 2023 will be all about unlocking the potential of the business ventures we have entered in,” said Raul De Mesa, AbaCore president.
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