(Bloomberg) — Excluding one-time gain, net income grew 14% to 5.2b pesos, Philippine builder says in stock exchange filing.

• 1Q profit included gain from sale of securities worth 7.4b pesos
• Sales increased 9% to 16.7b pesos
• “2015 promises to be a strong year and the first quarter  numbers seem to reflect that,” President Hans Sy says in release; “There are a lot of reasons to be optimistic with consumer spending getting a boost from lower oil prices and  improved consumer confidence.”
• Co. taking advantage of strong economy to expand all areas of its business – malls, residential, commercial, tourism – more aggressively, particularly in provinces
• Rental revenue from retail and commercial spaces, which  accounted for 57% of consolidated sales, +10% to 9.4b pesos boosted by opening of new malls and expansion of existing  ones
• Same store rentals +7%, sustaining pace posted in 2014

Housing group, which contributed to 32% of consolidated sales, +7% to 5.4b pesos in real estate sales; net income of  housing segment +37% to 1.3b pesos