Sta. Lucia Land, Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2017
May 22, 2017 at 01:36 am EDT
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Sta. Lucia Land, Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2017. For the quarter, the company reported revenue of PHP 777,543,079 compared to PHP 792,068,869 a year ago. Income before income tax was PHP 286,699,136 compared to PHP 268,674,373 a year ago. Net income was PHP 200,689,456 compared to PHP 189,448,138 a year ago. Basic and diluted earnings per share were PHP 0.022 compared to PHP 0.021 a year ago. Net cash flows used in operating activities were PHP 237,793,659 compared to PHP 611,399,713 a year ago. Book value per share was PHP 1.52. Return on asset was 0.79%. Return on equity was 1.48%.
Sta. Lucia Land, Inc. is a Philippines-based developer of residential communities, with a portfolio consisting of developments that include residential, commercial, and retail assets. Its segments include Leasing and Residential Development. The Leasing segment consists of the investment properties, which includes properties held to earn rentals and are not occupied by the Company. The Residential Development segment is engaged in the development and selling of subdivision lots and condominium projects across the Philippines. Its residential projects include horizontal developments, which consist of residential lots for sale in gated subdivisions complete with facilities and amenities; and vertical developments, which comprises townhouse projects, condominium projects and condotel projects. Its commercial properties include malls, business centers, and commercial lots. Its townhouse projects consist of residential housing units, including independent and identical houses.
STA. LUCIA LAND, INC. 
