BY ANGPING & ASSOCIATES SECURITIES
Robinsons Land Corp. (RLC) saw its earnings rise in its 2014 fiscal year on the back of stronger revenues from its commercial, residential, office, and hotel businesses.
Its net income for fiscal year 2014 ending September improved 5.8% to PHP 4.73 billion from PHP 4.48 recorded during the same period the previous year.
Gross revenues also grew seven percent year-on-year to PHP 17.05 billion from PHP 15.9 billion.
Commercial operations accounted for the largest real estate revenue contribution at PHP 8.10 billion, the residential business likewise realized revenues of PHP 5.87 billion, its office buildings division’s revenues grew seven percent to PHP 1.54 billion, and the hotels division posted a 2.5% increase in gross revenues to PHP 1.53 billion.