Robinsons Land Corporation Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 05, 2021 at 03:53 am
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Robinsons Land Corporation announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced total revenue was PHP 9,301.565 million compared to PHP 4,373.686 million a year ago. Operating income was PHP 3,659.045 million compared to PHP 1,101.340 million a year ago. Net income was PHP 2,550.967 million compared to PHP 520.001 million a year ago. Basic earnings per share from continuing operations was PHP 0.49 compared to PHP 0.1 a year ago. For the half year, total revenue was PHP 25,968.113 million compared to PHP 16,703.312 million a year ago. Operating income was PHP 6,572.298 million compared to PHP 5,618.657 million a year ago. Net income was PHP 5,444.819 million compared to PHP 3,681.870 million a year ago. Basic earnings per share from continuing operations was PHP 1.05 compared to PHP 0.71 a year ago.
Robinsons Land Corporation is a Philippines-based real estate and property developer. The Company is engaged in the business of selling, acquiring, developing, operating, leasing and disposing of real properties, such as land, buildings, shopping malls, commercial centers and housing projects, hotels and other variants and mixed-used property projects. Its business units include Commercial Centers Division, Hotels and Resorts Division, Industrial and Integrated Developments Division, Office Buildings Division, and Residential Buildings Division. The Commercial Centers Division develops, leases and manages commercial lifestyle centers or shopping malls throughout the Philippines. The Hotels and Resorts Division has a diverse portfolio covering various brand segments: international luxury hotels and resorts, deluxe, upscale homegrown hotels, and the essential value hotels. Industrial and Integrated Developments Division is focused on mixed-use developments and master-planned communities.