CURRENT REPORT UNDER SECTION 17 OF THE SECURITIES REGULATION CODE AND SRC RULE 17.2(c) THEREUNDER
1. Date of Report (Date of earliest event reported)
Mar 2, 2018
2. SEC Identification Number
30354
3. BIR Tax Identification No.
287191423000
4. Exact name of issuer as specified in its charter
DoubleDragon Properties Corp.
5. Province, country or other jurisdiction of incorporation
Republic of the Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
DD Meridian Park Bay Area Brgy 76 Zone10, San Rafael, Pasay City, Metro Manila, PhilippinesPostal Code1302
8. Issuer's telephone number, including area code
+6328567111
9. Former name or former address, if changed since last report
N/A
10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class
Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common
2,229,730,000
Preferred
100,000,000
11. Indicate the item numbers reported herein
Item 9
The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.
DoubleDragon Properties Corp.DD
PSE Disclosure Form 4-31 - Press Release References: SRC Rule 17 (SEC Form 17-C) Section 4.4 of the Revised Disclosure Rules
Subject of the Disclosure
Media Release
Background/Description of the Disclosure
Circulation of the Company's Media Release entitled:
DoubleDragon Net Income rises 71.8% Year-on-Year to Php 2.53 Billion
Recurring Revenue increased 3.76x to Php 1.31 Billion from only Php 348 Million in 2016
Total Assets increased 28.5% Year-on-Year to Php 64.33 Billion
Total Equity Increased 10.4% Year-on-Year to Php 22.32 Billion
Gross Debt-to-Equity Ratio remains healthy at 1.48x
Debt Service Coverage Ratio vastly improved to 1.99x
Operational CityMalls averaging 95.3% Leased Out
DoubleDragon Plaza at DD Meridian Park already 97.2% Leased Out
Hotel Occupancy averaged 74.8% in 2017 across all hotel properties
Pipeline of 54,000sqm of industrial space from CentralHub Tarlac and Iloilo