Rental income made Eton resilient in 2020 – Manila Bulletin
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 l...
Source: mb.com.ph