Ovialand posts 62% revenue rise to nearly P1.4B, plans market listing - BusinessWorld Online

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Residential home developer Ovialand, Inc. exceeded its revenue target for 2022, recording a double-digit topline growth as its operations further expanded ahead of a planned maiden listing. READ:

RESIDENTIAL home developer Ovialand, Inc. exceeded its revenue target for 2022, recording a double-digit topline growth as its operations further expanded ahead of a planned maiden listing.

Ovialand’s 2022 earnings before interest, taxes, depreciation, and amortization or EBITDA grew by 39.4% to P306.4 million from P219.8 million in 2021. Among these expansions is its third housing project in Laguna called Santevi from which it expects to generate P2.3 billion in sales within three years.

 

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