Eton Properties Philippines Inc. reported that it has secured a five-year office leasing contract in Centris Cyberpod Five, located in the BPO-IT lifestyle hub Eton Centris along EDSA, Quezon City.
PHC President Karlu Tan-Say In a statement, the firm said the contract is with one of its existing
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Published April 22, 2021, 5:00 AM
Eton Properties Philippines, Inc. (EPPI) reported an 11 percent decline in net income to P802 million last year from P900 million in 2019 as higher rental income offset the adverse impact of the pandemic.
In a statement, Eton said gross revenues dropped 21 percent to P2.6 billion in 2020 from P3.3 billion in the previous year but noted a 2.9 percent growth in rental income to P1.76 billion last year, despite a global slowdown due to the Covid-19 pandemic.
The growth in the company’s rental income was the result of office, commercial, and residential leasing revenue, as well as, hotel room sales.