MANILA, Philippines — Clark Development Corp. (CDC) earned P1.19 billion in the 10 months to October last year, surging past the full-year income in 2017.
In a statement, Alizaido Paras, assistant vice president for finance at CDC, said the 10-month net profit was higher than the then record P1 billion income in 2017.
CDC said it benefitted from its move to attract more investments to the freeport.
The state-owned firm ended last year with a total of 1,038 locator companies, bringing in an additional 89 locators at the freeport.
With the increase in locator firms, the freeport also saw higher employment.
Read more: Philippine Star
ABOUT PTIC TAIPEI
The Philippine Trade & Investment Center in Taipei is the Commercial Affairs Section of the Manila Economic and Cultural Office and the representative office of the Philippine Department of Trade & Industry in Taiwan