Supercity Realty H1 loss narrowsLISTED Supercity Realty Development Corporation (SRDC) reported a narower net loss in the first half of the year on the back of higher revenues. Moreover, contract revenues for the 2016Q2 were generated from the Housing project in Rodriguez, Rizal which were awarded in 2015,” SRDC said. It has completed a number of housing projects in project sites such as Mabuhay City Subdivision in Cabuyao, Laguna; Jubilation New Biñan Subdivision in Biñan, Laguna; Eastwood Greenview Subdivision in San Isidro, Rodriguez, Rizal; Eastwind Homes also in San Isidro, Rodriguez, Rizal; Celebrity Place Walk-up Condominium in Quezon City; and Centella Homes Subdivision in San Isidro, Rodriguez, Rizal. In a financial report to the Philippine Stock Exchange, the developer said its net loss narrowed to P685,242 in the first half from a loss of P1.13 million in the same period last year. Cost of services rose 307 percent to P6.85 million from P1.68 million in the same period last year.

Source: Manila Times August 05, 2016 15:22 UTC