Skip to main content

Robinsons Land bags Asiamoney Award


MANILA, Philippines - Robinsons Land Corp. (RLC), one of the country’s largest property developers, was recently awarded Asiamoney magazine’s Best Managed Company Small-Cap category in the Philippines in 2011.

Asiamoney, a leading financial publication based in Hong Kong, said RLC earned the award [because of the sensible way management has run the company’s operations.”

“We are honored and happy that our efforts to steer the company amid these challenging times have been recognized by such a prestigious publication as Asiamoney,” said RLC president Frederick Go.

“The Philippines’ second-largest builder and operator of malls has continued to grow revenues and profits,” noted Asiamoney.

RLC posted a 10 percent growth in net profit for the fiscal year ending Sept. 30, 2011 to P3.97 billion from the P3.59 billion earned in fiscal year 2010 on stronger leasing revenues and residential sales.

It generated total gross revenues of P13.34 billion for fiscal year 2011, an increase of 18 percent from P11.30 billion for fiscal year 2010. EBITDA amounted to P7.14 billion this year, up by 11 percent from the previous year.

“RLC’s plans for the future also look steady,” said Asiamoney, citing the firm’s plan to build three new malls per year, develop two new office properties in the Ortigas district, roll-out its Summit Hotels and gohotels.ph brands and launch P8-billion worth of residential projects.

A leading real estate conglomerate in the Philippines, RLC has built landmark property developments that include 29 malls, 5 hotels, 8 office buildings, 57 residential condominiums, and 31 affordable housing subdivisions throughout the country.

“We will open three new shopping malls, expand two existing malls, continue to complete several office buildings, residential condominium buildings, and housing subdivisions in the region. We are also very excited with this year’s opening of four gohotels.ph in Puerto Princessa, Tacloban, Dumaguete and Bacolod,” added Go.

Asiamoney is a monthly financial magazine that has been an important source of intelligence and information for corporate executives and the investment community in Asia since 1989. It is a division of the Euromoney Institutional Investor Plc, a respected global media group.

The Best Managed Company Awards are industry recognition awards given by

Asiamoney to the top small, medium and large cap companies in major countries across Asia where companies are measured against a list of criteria including profitability, market leadership and innovation.

[Reference: The Philippine Star]
Published in the The Philippine Star newspaper on March 02, 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

JG Summit among Forbes’ top 50 Asia-Pacific companies

JG Summit among Forbes’ top 50 Asia-Pacific companies By: Doris C. Dumlao Philippine Daily Inquirer 2:57 pm | Tuesday, September 13th, 2011 MANILA, Philippines—Gokonwei-led conglomerate JG Summit Holdings landed on Forbes Magazine’s list of 50 “best” publicly traded companies in Asia-Pacific, the only company from the Philippines that made it to the Chinese-dominated roster. In a recent special report, Forbes Asia included JG Summit in its list of Asia’s “Fab 50” companies, an annual ranking that the magazine has been making since 2005. JG Summit had a market value of $3.9 billion and an annual turnover of $2.7 billion, the report estimated. China produced 23 or the biggest bulk of the companies on the list. “The story of Asia is increasingly the story of China and this year’s list of the 50 best publicly-traded companies in Asia-Pacific certainly reflects that,” the report said. In 2010, China claimed only 16 slots but as the country’s real estate, construction, auto-maki...
1 comment
Read more

JG Summit Earnings Surge by 77% in the First Quarter

PROFITS OF JG Summit Holdings, Inc. surged by 76.7% to P4.91 billion in the first quarter of the year, propelled by the strong performance of subsidiaries and gains from its stake in the Philippine Long Distance Telephone Co. (PLDT), a disclosure to the local bourse yesterday showed. “[This] includes the net income from discontinued operations of Digital Telecommunications Philippines, Inc. (Digitel) of P397.76 million,” the disclosure read. “Dividend income from our investment in PLDT amounting to P1.90 billion mainly contributed to the higher net income for the period,” it added. Regulators last year approved PLDT’s takeover of Digitel, which operates Sun Cellular. Consolidated revenues went up by 13.9% to P33.48 billion from P29.41 billion “due to the strong performance of all business units.” Food and beverage arm Universal Robina Corp.’s net income attributable to equity holders more than doubled to P2.2 billion in the first quarter on the back of strong domestic and i...
Post a Comment
Read more

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 div...
Post a Comment
Read more