Italpinas net income surges to P44.47 M in 2015


MANILA, Philippines – Listed green developer Italpinas Development Corp. (IDC)  posted strong sales last year, boosting its income by more than double or 142 percent higher than the 2014 level.

In a disclosure to the Philippine Stock Exchange (PSE), the Filipino-Italian-led company reported a net income of P44.476 million, 142 percent higher than the P18.356 million posted in 2014.

This was achieved as sales soared 62 percent to P216.5 million in 2015, which officials said is a reflection of the success of the company’s  award winning Primavera Residences, a green building in Cagayan de Oro City.

IDC said its operating income more than doubled to P51.1 million in 2015, or 129 percent higher than 2014’s P22.3 million.

5 Benefits of Going Solar with Primavera City

Benefits of Going Solar with Primavera City

Electricity rates in the Philippines are higher than China, Indonesia, and Malaysia. Our rates are undeniably among the highest in the world.

But considering our country’s tropical location, the search for other sources of more affordable energy has become easier.

Solar Energy – a more cost-efficient, safe, renewable, absolutely free source – is available in the country.

Thus, more and more construction companies across the country are harnessing the sun’s energy by building with solar power in mind.

In Cagayan de Oro, certified green builder Italpinas Development Corp. (IDC) would be one of the first.

Italpinas sets Primavera City dev’t launch in CDO in second quarter

Italpinas Development Corporation Chairman and COO Romolo Valentino Nati (left), an Italian architect, and President Jose ‘Jojo’ D. Leviste III (right), are the prime movers for the company’s real estate projects.

Certified green builder Italpinas Development Corporation (IDC) has set for the second quarter of this year the launch of its new huge and groundbreaking project – Primavera City – in Cagayan de Oro City (CdO).

IDC made its mark in the real estate industry as the first Philippine company certified by the International Finance Corp. (IFC) – World Bank Group Excellence in Design for Greater Efficiencies (EDGE) for its flagship project also in Cagayan de Oro City, the Primavera Residences.