Realtor Ovialand Inc. posted a 37 percent increase in its first-half net income to P420 million from P306.58 million. Revenues grew 20 percent to P1.1 billion from P916.67 million.
“This is on the back of strong sales and continued demand for premium-affordable homes in Laguna and Bulacan,” the company said in a statement.
Ovialand Chief Executive Officer (CEO) Pammy Olivares-Vital said the company recently broke ground in Baliwag, Bulacan, for its second project in Central Luzon, as it geared up for a strong presence North of Metro Manila.
“We are delighted to serve and bring our promise of Premier Family Living to more locations as we add new properties and expand our current projects,” Vital said.
Ovialand is on track to hit its target growth for 2025 and is continuously watching out for opportunities in the market to be able to expand its reach to more homebuyers in other areas in Luzon,” Vital added.
Ovialand closed the first half with an asset of P2.9 billion, up 12 percent from P2.59 billion.
