Sta. Lucia Land, Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2018
August 19, 2018 at 08:17 pm EDT
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Sta. Lucia Land, Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2018. For the quarter, the company reported gross revenue of PHP 1,052,547,032 against PHP 1,023,023,924 for the same period a year ago. Non-operating income was PHP 73,055,958 against PHP 41,472,698 for the same period a year ago. Income before tax was PHP 347,030,460 against PHP 395,600,395 for the same period a year ago. Net income after tax was PHP 242,925,177 against PHP 276,920,398 for the same period a year ago. Net income attributable to parent equity holder was PHP 242,925,177 against PHP 276,920,398 for the same period a year ago. Basic and diluted earnings per share were PHP 0.03 against PHP 0.03 for the same period a year ago.
For the six months, the company reported gross revenue of PHP 2,026,668,418 against PHP 1,800,567,003 for the same period a year ago. Non-operating income was PHP 139,637,812 against PHP 72,132,038 for the same period a year ago. Income before tax was PHP 725,667,422 against PHP 682,299,531 for the same period a year ago. Net income after tax was PHP 507,971,297 against PHP 477,609,854 for the same period a year ago. Net income attributable to parent equity holder was PHP 507,971,297 against PHP 477,609,854 for the same period a year ago. Basic and diluted earnings per share were PHP 0.06 against PHP 0.05 for the same period a year ago. Net cash used in operating activities was PHP 903,862,725 against PHP 927,874,793 for the same period a year ago. Property and equipment was PHP 2,278,659. Return on asset was 1.57%. Return on equity was 3.45%. Book value per share as on June 30, 2018 was PHP 1.6 against PHP 1.6 as on December 31, 2017.
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.