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Ovialand sets aside IPO plans to focus on growth
The Philippine Star
|September 02, 2024
Olivares family-led property developer Ovialand Inc. is setting aside for now its public listing plans as the company sets its sights primarily on growth.
“The listing is not the goal. The goal is to expand. There are other ways for us to expand and grow. The goal is to keep on growing our production capacity,” Ovialand president and CEO Pammy OlivaresVital said.
Ovialand has experienced a double-digit growth in revenue and income in the first half.
She said the company is on track for sustained significant growth in the coming years.
“We approached the first half with an aggressive stance. We knew it was going to be an uphill battle given all these global conditions. That said, it was rewarding,” OlivaresVital said.
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