Rockwell Land Corporation reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2016. For the quarter, the company’s net consolidated income reached PHP 510.8 million from PHP 390 million in the same three month period, due to the substantial completion of Proscenium projects in Rockwell Center. Consolidated revenues surged 78% to PHP 3.55 billion from PHP 1.99 billion a year ago. Income before income tax was PHP 715 million compared to PHP 538 million a year ago. Net income attributable to equity holders of the parent company was PHP 511 million compared to PHP 391 million a year ago. Basic and diluted earnings per share was PHP 0.08 compared to PHP 0.06 a year ago. Operating revenue was PHP 3,459,036 million compared to PHP 1,843,792 million a year ago. For the nine months, the company’s profit rose 12% to PHP 1.21 billion, on a 29% increase in interest due to its higher interest income accretion. Consolidated revenues were PHP 7.88 billion, 46% up from last year’s PHP 5.41 billion. The company spent a total of PHP 7.4 billion for project and capital expenditures for the first nine months of 2016, 37% higher than last year’s PHP 5.4 billion. Income before income tax was PHP 1,671 million compared to PHP 1,510 million a year ago. Net income attributable to equity holders of the parent company was PHP 1,215 million compared to PHP 1,088 million a year ago. Basic and diluted earnings per share was PHP 0.20 compared to PHP 0.18 a year ago. Net cash generated from operations was PHP 2,023 million compared to net cash used in operating activities of PHP 198 million a year ago. Acquisitions of property and equipment were PHP 85 million compared to PHP 227 million a year ago. Total EBITDA reached PHP 2,351 million, 12% higher than last year's PHP 2,096 million primarily driven by 38% growth in Residential contribution. Operating revenue was PHP 7,645,826 million compared to PHP 4,992,242 million a year ago.