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ELI’s 2014 reservation sales at PHP 22 billion, might tap bank loan

15 Jun

Empire East Land Holdings Inc. (ELI) reported that reservation sales reached PHP 22 billion in 2014, bringing net income at PHP 484.5 million (+61.3% y-o-y).

ELI’s 1Q income also grew 86% to PHP 138.1 million.

The firm introduced 2 new residential projects last year — Mango Tree Residences in San Juan City & Covent Garden in Sta. Mesa, Manila.

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Meanwhile, ELI may consider tapping bank loans to help finance its PHP 25 billion, 5-year spending plan after staying debt-free for many years. No other details were given.

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Posted by on June 15, 2015 in Corporate News, ELI, Stock Market

 

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