by Zinnia B. Dela PeñaPhilippine Daily Inquirer
MANILA, Philippines - Banking on a resurgent property market, Eton Properties Philippines Inc., the real estate arm of the Lucio Tan Group of Companies, expects its net income to more than double this year to P700 million. Following strong first quarter results that saw its profit rise more than 10-fold on brisk take-up of its residential projects.
“We have reasons to be bullish in 2010. Growth will be driven by the strong results of the real estate business, boosted by the country’s successful first automated national elections,” said Danilo Ignacio, Eton’s president and chief operating officer.
