Arthaland Corporation, the property developer headed by the Po family, said Tuesday it has been fined P746,616 by the Securities and Exchange Commission for violating the Revised Securities Regulation Code. The penalty stems from mistakes in the cash flow section of its 2024 audited financial statements, falling under Rule 68 of the code. The firm noted it already corrected the figures in its 2025 consolidated audit report, but the SEC stated that such fixes do not waive penalties for original misstatements. Arthaland confirmed it has paid the fine the same day. The company also reported a 21 percent rise in first-quarter net income to P236.06 million, even as total revenues dipped slightly to P1.12 billion due to higher operating costs. Most earnings came from real estate sales, led by the Una Apartments, Eluria and Sevina Park projects.
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Agriculture
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Agriculture
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Banking & Insurance
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