The CDC also records a 68% hike in net income to P2.19 billion in 2022 from P1.3 billion in 2021.
CLARK FREEPORT, Philippines – The Clark Development Corp obtained a 35% increase in revenue in 2022, reporting P3.56 billion as of December 31, 2022 – up from P2.63 billion at the close of 2021.
Alizaido Paras, CDC assistant vice president for finance, credited the gains to prudent financial management and locators’ confidence in CDC’s leadership to guide the Clark Freeport Zone through the turmoil of the pandemic. The CDC also recorded a net income of P2.19 billion, 68% higher compared to 2021 net income of P1.30 billion., following a decrease in their take-home pay in December 2022 and January 2023 as salary deductions took effect with the new system approved by the Governance Commission for Government-Owned and Controlled Corporation .
According to the CDC financials database, the top locators that contributed to its growth include Global Gateway Development Corporation, Yokohama Tire Philippines Inc., Philippines Air Asia Inc., Hann Philippines Inc , Donggwang Clark Corporation , SFA Semicon Philippines Corporation, Philexcel Business Park Inc., Asian Aerospace Corporation, Premier Central Inc., and BB International Leisure and Resort Development Corp.
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