Sta. Lucia Land, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2018
May 18, 2018 at 01:17 am EDT
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Sta. Lucia Land, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2018. For the period, the company reported revenue of PHP 974,121,385 compared to PHP 777,543,079 a year ago. Income before tax was PHP 378,636,960 compared to PHP 286,699,136 a year ago. Net income was PHP 265,046,118 compared to PHP 200,689,456 a year ago. Basic and diluted earnings per share was PHP 0.030 compared to PHP 0.022 a year ago. Net cash used in operating activities was PHP 101,304,038 compared to PHP 237,793,659 a year ago. Book value per share was PHP 1.6. Return on assets was 0.88%. Return on equity was 1.82%.
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. 
