March 14, 2013

Robinsons Land net income up 7%

Robinsons Land Corp. (RLC) generated total gross revenues of P13.52 B for fiscal year 2012, an increase of 6% from P12.81 B in 2011. Of the total revenues, commercial centers accounted for the biggest share in RLC’s revenues at 48% with the opening of three new malls – Magnolia, Pangasinan and Puerto Princesa, followed by residential business at 32% share, office division at 10% and hotels division at 10%.

EBIT (Operating income) grew 16% to P5.23 B while EBITDA (Operating income plus depreciation) posted a 10% growth to P7.32 B. Net income stood at P4.24 B, up by 7% compared to last year.