Eton Properties expects ‘boom’ to double profits
by Neil Jerome C. Moralesabs-cbnNEWS.com | May 21, 2010
MANILA, Philippines - Lucio C. Tan-led real estate firm Eton Properties Philippines, Inc. projects robust growth this year, with profits expected to rise by more than double to P700 million.
First-quarter net income of P185 million -- more than 10 times the P18-million profit in the previous year -- is an indication of the bullish property sector, the company said in a statement.
Eton sells Novaliches property to SM Prime
by Miguel R. CamusBusinessMirror | May 1, 2010
THE Lucio Tan Group of Companies concluded its latest deal with a major property developer since the start of the year, this time with the parent company of the SM Group’s shopping malls, the SM Prime Holdings Inc.
In a statement on Thursday, listed real estate firm Eton Properties Philippines Inc. and Philippine National Bank (PNB) announced the sale of a three-hectare property in Novaliches, Quezon City to SM Prime.
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