Financial Performance

Prime Orion Philippines, Inc. and its subsidiaries (the "Group") was able to sustain the positive bottomline it posted in 2010 with a resulting net income (net of effect of one-time gain on sale of Mandaue property) of P182.3 million. Resulting EBITDA remained positive at P377.8 million. These results were primarily due to contributions from its property management business in Tutuban as well as the turnaround to a positive bottomline by its insurance business.

The Group is primed for more exciting times ahead. Its direction is clear, and with the expectation of a stronger economic activity particularly in the field of real estate, the Group is more than ready to rise above the challenges brought about by whatever changes, be it from outside or inside.

Audited Financial Statements for the year ended 30 June 2011 [256 KB]
SEC Form 17-A [12.0 MB]