Skip to main content

Robinsons Land Earns P2.24 B in end-March


MANILA, Philippines - Gokongwei-led Robinsons Land Corp. (RLC) posted a net income of P2.24 billion in the first half of its fiscal year ending September this year, up 10 percent from P2.04 billion in the previous period, on steady growth in sales.

In a financial report submitted to the Philippine Stock Exchange, the property developer said unaudited revenues from October 2011 to March 2012 grew 13.6 percent to P7.11 billion while EBITDA (earnings before interest, taxes depreciation and amortization) rose seven percent to P3.93 billion.

Combined real estate and hotel revenues rose by 12 percent to P6.68 billion from P5.94 billion.

Interest income grew 37 percent due to higher level of money market placements.

Costs and expenses, however, climbed to P4.28 billion from P3.68 billion due to higher level of repairs and maintenance for various malls, higher film rentals, and higher cost of sales from residential division, among others.

The commercial centers division contributed 49 percent or P3.5 billion to total revenues, posting a 15-percent growth.

Amusement revenue went up 21 percent to P396 million.

RLC’s residential division accounted for 32 percent of total revenues or P2.26 billion, up 15 percent year-on-year due to higher level of realized sales based on project completion.

Meanwhile, the office buildings division pumped in 10 percent or P698.8 million, an increase of nine percent.

Lease income is derived from eight office buildings – Galleria Corporate Center, Robinsons Equitable Tower, Robinsons Summit Center, Robinsons Cybergate Centers Towers 1, 2 and 3, Cybergate Plaza and Cebu Cybergate.

Revenues from the hotels division reached P679.9 million, an increase of nine percent. Crowne Plaza Galleria Manila, Holiday Inn Galleria Manila, Summit Circle Cebu (formerly Cebu Midtown Hotel), Summit Ridge Hotel, Go Hotel Cybergate, and Go Hotel Palawan posted occupancy rates of 83 percent, 81 percent, 48 percent, 40 percent, 90 percent and 37 percent, respectively.

As of end-March, RLC’s total asset base stood at P72.4 billion.

[Reference: The Philippine Star]
Published in the The Philippine Star by Zinnia B. Dela Peña on May 22, 2012. 
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||

Own a Beachfront Condo in Mactan - Cebu for as low as *Php35,000.00 per month. Discover your Options at AmiSa Private Residences - Mactan.


Own a Condo in the City for as low as *Php15,000.00 per month . Life's Simple Joys are Always Within Reach at Azalea Place - Cebu.

*Terms and Conditions Apply. Call or SMS 0917 382 6781 for more details.

Labels:

Comments

Post a Comment

Popular posts from this blog

Robinsons launches mall, mixed use complex in Cebu

A third Robinsons mall in Cebu officially broke ground at a 4.6 hectare lot along General Maxilom Avenue in Cebu City yesterday, part of a development worth over P5 billion. In a press conference, Robinsons Land Corp. president Frederick D. Go said Robinson’s Galleria Cebu will have 300 tenants offering international and local product brands and services. “We are investing over P5 billion for the development of the whole property which will include a Go Hotel, a BPO (business process outsourcing) building and four residential premium condominium towers,” said Go. Go said the new project will be the third Robinson mall in Cebu after Robinsons Fuente and Robinsons Cybergate Cebu and the second mall in the country that is issued the “Galleria” brand. Aside from anchor tenants like Robinsons Department Store, Robinsons Supermarket, True Value, Robinsons Appliances, Saizen and Toys R’ Us, the mall will house six cinemas including two 3D theaters with a total seating ca
1 comment
Read more

Cebu To Host Biggest Food Technology & Services Event at Waterfront Hotel

AmiSa - Mactan and Azalea Place of Robinsons Land Corp :: @International Exhibition on Food & Beverages, Plastics, Packaging & Processing Technology, Bakery Equipment & Ingredients, Confectionery, Handling & Catering, Hospitality Industries, Franchising and Business Opportunities, Cebu Food Expo at Waterfront Hotel and Casino Pacific Grand Ballroom. We hope to see you there. ======== CEBU, Philippines - Cebu Food Expo is back for another run on July 22 – 24 at the Pacific Grand Ballroom of Waterfront Cebu City Hotel & Casino in Lahug as it continues to kick off as the finest trade event that hailed Cebu food, beverage, and hospitality industry into the limelight. Now on its 11th year, Global-Link MP Events International Inc. with the Hotel, Resort, & Restaurant Association of Cebu Inc. (HRRACI) organizes this annual showcase of the most up-to-date in the art and business of food. Dubbed as the International Exhibition on Food & Beverages, Plasti
3 comments
Read more

Robinsons Land Corp Launches 25 story Condominium Project in Cebu

Gokongwei property unit launches 25-story condo project in Cebu By: Doris C. Dumlao Philippine Daily Inquirer 11:26 pm | Tuesday, August 16th, 2011 Gokongwei-led Robinsons Land Corp. seeks to boost its presence in Cebu with the unveiling of a 25-story mid-market condominium project across from the University of the Philippines campus in Lahug. The new project, “Azalea Place,” under the Robinsons Residences brand catering to urban living, offers 407 units for as low as P2.03 million for a 25-square-meter studio unit to as high as P5.36 million for a two-bedroom 56.75-sqm unit. This will be RLC’s fourth residential project in Cebu. Azalea Place will start construction next year and units will begin to be turned over to buyers by the second quarter of 2015. In a statement, RLC president Frederick Go said the property developer’s growing number of residential projects in Cebu reflected the growth in the province and the region. “Our company is very bullish about this promising
Post a Comment
Read more