Ovialand targets almost double profit growth

REAL ESTATE developer Ovialand, Inc. expects near-double growth in its net income this year, on the back of strong demand for its premium-affordable housing projects across Luzon, a company official said.

- Beatriz Marie D. Cruz

"Despite heavy rains, supply challenges, and a very active construction year, we continue to build and deliver," Ovialand Investor Relations and Compliance Officer Monica Ann V. Mendoza said during an event on Wednesday.

The company reported a net income of P507 million last year, she said.