DoubleDragon net income jumps 23 pct in 2023 | ABS-CBN

Traffic

29
°
C
ABS-CBN

Manila

ABS-CBN

Horoscope

ADVERTISEMENT

dpo-dps-seal
Welcome, Kapamilya! We use cookies to improve your browsing experience. Continuing to use this site means you agree to our use of cookies. Tell me more!

Business

DoubleDragon net income jumps 23 pct in 2023

DoubleDragon net income jumps 23 pct in 2023

ABS-CBN News

 | 

Updated Jun 10, 2024 03:47 PM PHT

Clipboard

The DoubleDragon Plaza in Pasay City. ABS-CBN News The DoubleDragon Plaza in Pasay City. ABS-CBN News 

MANILA -- DoubleDragon Corporation on Tuesday said it saw a rosy 2023, with its net income jumping over 23 percent to P15.93 billion.

Its total assets also climbed 15.59 percent to P181.24 billion, while equity is also up 15.88 percent to P94.57 billion.

The company had just celebrated its 10th listing anniversary. 

Their debt-to-equity ratio is also one of the lowest among Philippine-listed companies.

ADVERTISEMENT

The firm said it expects better earnings in 2024 after the merger of its subsidiary Hotel101 with a special purpose acquisition firm for its United States stock exchange Nasdaq. 

Once completed, Hotel101 is expected to have an equity value of P130 billion. 

RELATED STORY: 



Watch more News on iWantTFC.com. Watch hundreds of Pinoy shows, movies, live sports and news.

Read More:

DoubleDragon

|

earnings

|

2023

|

net income

ADVERTISEMENT

ADVERTISEMENT

It looks like you’re using an ad blocker

Our website is made possible by displaying online advertisements to our visitors. Please consider supporting us by disabling your ad blocker on our website.

Our website is made possible by displaying online advertisements to our visitors. Please consider supporting us by disabling your ad blocker on our website.