Robinsons Land nets P6.74B in first 9 months of 2022

Gokongwei-led property company Robinsons Land Corp. (RLC) posted a net income of P6.74 billion in the January to September period, up 6% year-on-year.

In a disclosure to the Philippine Stock Exchange on Wednesday, RLC said its consolidated revenues grew by 16% to P35.77 billion, “driven by increased commercial leasing, accelerated consumption recovery in the malls, and improved sales recognition of domestic residential projects.”
 
The company said its top line was bolstered by the recognition of revenues from Phase 2 of its Chengdu Ban Bian Jie project in China. 
 
“The strong recovery of our investment portfolio fueled the company’s growth in the first nine months. With the economy inching closer to full reopening, RLC is benefiting from the overall improvement in consumer sentiment going into the holiday season," said RLC president and CEO Frederick Go.

"We are encouraged to keep pursuing our investment strategies to create long-term value for our shareholders.” — VBL, GMA Integrated News