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                    [ArticleID] => 339801
                    [Title] => Philrealty back in the black with P324-M net income
                    [Summary] => After two years in the red, Philippine Realty & Holdings Corp. (Philrealty) made a significant turnaround in its financial performance last year as it posted a net income of P323.52 million, from a net loss of P94.4 million in 2004.


In a financial report filed with securities regulators, Philrealty said the turnaround was due to gains from the reversal of excess accrued interest in accordance with the court-approved rehabilitation program and by the jump in equity earnings.


In December 2005, Philrealty started payment of interest on its restructured loan.


                    [DatePublished] => 2006-06-03 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
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MERIDIAN ASSURANCE CO

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                    [ArticleID] => 339801
                    [Title] => Philrealty back in the black with P324-M net income
                    [Summary] => After two years in the red, Philippine Realty & Holdings Corp. (Philrealty) made a significant turnaround in its financial performance last year as it posted a net income of P323.52 million, from a net loss of P94.4 million in 2004.


In a financial report filed with securities regulators, Philrealty said the turnaround was due to gains from the reversal of excess accrued interest in accordance with the court-approved rehabilitation program and by the jump in equity earnings.


In December 2005, Philrealty started payment of interest on its restructured loan.


                    [DatePublished] => 2006-06-03 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

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abtest

Philrealty back in the black with P324-M net income

By Zinnia B. Dela Peña | June 3, 2006 - 12:00am

After two years in the red, Philippine Realty & Holdings Corp. (Philrealty) made a significant turnaround in its financial performance last year as it posted a net income of P323.52 million, from a net loss of...

Business