Defining the News
The Bases Conversion and Development Authority reported a 53.7-percent drop in comprehensive income to P3.29 billion in 2023 from P7.11 billion in 2022.
Contributing to robust gross revenues were the sale of gross floor area and dividends from Fort Bonifacio of P285 million and P675 million, respectively, and higher interest income of 768 million. This represents a 5-percent increase from the previous year and highlights the BCDA’s effective management of former military bases.
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