RLC 1H2023 domestic net income surges by 71%, posts record operating margins inquirer.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from inquirer.net Daily Mail and Mail on Sunday newspapers.
Robinsons Land Corporation (RLC), a leading diversified real estate company in the Philippines, reported a net income of P1.74 billion for the first quarter of 2022 from P2.9 billion in the same period last year. The firm’s net income in the first quarter of 2021 was boosted by the recognition of r
Published May 7, 2021, 4:20 PM
Robinsons Land Corporation (RLC), a leading diversified real estate company in the Philippines, reported that its net income surged 236 percent to P2.9 billion in the first quarter 2021 from the fourth quarter last year.
However, based on its disclosures to the Philippine Stock Exchange, first quarter net income is 13 percent lower than the P3.34 billion earned in the same period of 2020.
Amid an unprecedented business environment, RLC achieved consolidated revenues of P16.67 billion in the first three months to accelerate by 35perce t versus the same period last year.
Company’s Development Portfolio accounted for P12.58 billion of consolidated revenues for a 91 percent year-on-year growth, primarily driven by sales from RLC’s Chengdu Ban Bian Jie project in China.