Wenceslao & Associates Inc. reported a net income of P1.9 billion last year, up 23 percent on the back of the continued momentum in its office and residential segments. Delfin Angelo “Buds” Wenceslao, chief executive officer of the company, said they expect to benefit from more opportunities in the future. The company registered revenues of P2.2 billion, of which P1.9 billion or 88 percent are recurring income from the leasing business. The company also unveiled its second residential project –MidPark Towers, a four-tower condominium. Wenceslao said rising economic activity and employment opportunities in the Manila Bay area make the residential segment highly promising.

Source: Philippine Star February 18, 2019 16:00 UTC