Press Release | November 11, 2021
Real estate sales, hotel revenues boost GERI’s Q3 profits
Real estate sales, hotel revenues boost GERI’s Q3 profits
Megaworld subsidiary Global-Estate Resorts, Inc. (GERI), the Philippines’ leading developer of master-planned integrated tourism estates, reported a 22% increase in its net income for the third quarter from P169-million last year to P207-million this year as real estate sales and hotel revenues bounced back with eased pandemic restrictions during the period.