1H2023 registered the highest EBITDA margin of 59% (with adoption of new accounting standard)
RESIDENTIAL REVENUE RECOGNITION CONTINUES TO INCREASE IN 1H2023; NET SALES TAKE-UP MORE THAN DOUBLED
Residential revenue climbed by 28% SPLY to Php5.39 Bn ; net sales take-up more than doubled to Php12.43 Bn
Earnings equity with JVs posted Php1.01 Bn in the 1H2023, while JV net sales surged by 74%YoY to Php8.79 Bn
RLC Residences launched its 3rd project for the year, Mantawi Tower 1 with saleable amount of Php7.90 Bn
HOTEL REVENUES BALLOONED BY 148% vs SPLY; FUELED BY UPSCALE HOME-GROWN & INTERNATIONAL BRANDED HOTELS
Registered the highest quarterly revenue in history - 2Q2023 posted PHP1.12 Bn in revenues
Contribution from both new and existing hotels drove revenues & EBITDA growth in the 1H2023
System-wideoccupancy reached 58% during the 1st-half
RLX 1H2023 REVENUES INCREASED BY 9% TO PHP295 Mn; RID POSTED 68% GROWTH IN REVENUES ON REALIZATION OF DEFERRED GAIN ON SALE OF LAND
OFFICE REVENUES ARE STABLE; INCREASED BY 4%YOY IN THE 1H2023
Note: Unaudited Financial Numbers
3
53
89
40
Lifestyle Centers
Residential Buildings
from 88 as of end 1Q CY2023
Housing Subdivisions
Business Portfolio
31
Office Developments
As of 1H CY2023
29
Mixed-Use Developments
26
Hotels & Resorts
9
work.able Centers
8
Industrial Facilities
1H CY2023
FINANCIAL HIGHLIGHTS
5
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Robinsons Land Corporation published this content on 11 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 August 2023 03:25:03 UTC.
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.
ROBINSONS LAND CORPORATION 
