Italpinas Profit Up 69% Amidst Pandemic

Italpinas Development Corp. (IDC) declared last Thursday that its profits in the first quarter of this year increased 69%, to Php 15.622 million from last year’s Php 9.26 million.

The green property’s developer’s sales similarly grew 25% to Php 134.46 million. These surges in growth can be attributed to the launch of new projects such as Miramonti and Primavera City.

“We believe that after the COVID situation, green buildings are more relevant than ever before. Well-ventilated buildings with direct access to outdoors spaces and presence of abundant natural lights and other sustainable features are more attractive to the market now than before,” stated IDC Chairman and CEO Romolo Nati.