Revenues increased by 11.7 percent to P4.4 billion during the same period.
“DoubleDragon, in less than 10 years, has completed over 1.3 million square meters of a diversified asset portfolio consisting of a chain of provincial community malls in Luzon, Visayas, and Mindanao, office buildings in Metro Manila, hotels in the Philippines and overseas, and warehouse complexes around the country,” DoubleDragon said in a stock exchange filing on Thursday.
The company’s cash position grew to P7.27 billion as of June, with an additional boost from the issuance of retail bonds in July.
DoubleDragon’s net debt-to-equity ratio remains healthy at 0.69 times, and its total equity rose to P95.16 billion, nearing the P100 billion milestone.
The company continues to expand its diverse asset portfolio and aims to grow its unique Hotel101 concept globally.
