Shang Properties, Inc. announced consolidated earnings results for the year ended December 31, 2012 and for the first quarter ended March 31, 2013. For the year, the company reported turnover of PHP 5,406 million against PHP 3,589 million a year ago. Profit attributable to shareholders was PHP 1,646 million or PHP 0.346 per share against PHP 1,057 million or PHP 0.222 per share a year ago. Net asset value per share was PHP 4.252 against PHP 3.988 a year ago. For the quarter, the company reported turnover of PHP 1,328.4 million against PHP 857.5 million a year ago. Profit attributable to shareholders was PHP 358.3 million or PHP 0.075 per share against PHP 298.0 million or PHP 0.063 per share a year ago. Net asset value per share was PHP 4.265 against PHP 4.007 a year ago. Return on equity was 6.2% against 5.5% a year ago.

Shang Properties, Inc. announced that its board approved declaration of cash dividend of PHP 0.060 per share which is payable on or before March 25, 2013. The ex-dividend date is March 12, 2013 and record date is March 15, 2013.

Shang Properties, Inc., Board Meeting, Feb 27, 2013. Agenda: To consider the cash dividend; and to consider the approval of financial statements for the period ended December 31, 2012.