SBMA records P29.6-B investment in 2018
In her State of the Freeport Address (SOFA) on Wednesday, SBMA Chairman and Administrator Wilma T. Eisma disclosed that the agency hit the highest level of annual committed investment in the last seven years with P29.6 billion in 2018, or an increase of 1,066 percent over the P2.5 billion generated in 2017.
The said the SBMA also posted record-breaking outputs in the 26-year history of the agency: the highest revenue ever at P3.45 billion; the highest net income at P1.45 billion; and the biggest EBITDA, or earnings before interest, tax, depreciation and amortization, at P1.84 billion.
The revenue level in 2018 represented a 12 percent increase over the P3.08 billion in 2017; the net income a 60% surge from P907.9 million in 2017, and also the first time to breach the P1-billion mark; and for
CAMI GOLF. Former 1st District Congressman Joseller ‘Yeng’ Guiao, Clark Development Corporation President Noel Manankil, DPWH-Pampanga 2nd District Engineering Office ADE Engr. Cecil Laurence Cruz and former Angeles City Councilor Max Sangil together with officers of the Capampangan in Media, Inc. in yesterday's 6th CAMI Clark Golf Cup at Mimosa Golf Course, Clark Freeport. -