Sta. Lucia Land, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2017
November 20, 2017 at 01:43 am EST
Share
Sta. Lucia Land, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2017. For the quarter, the company reported revenues of PHP 994,663,886 against PHP 530,182,329 a year ago. Income before income tax was PHP 309,144,367 against PHP 149,546,207 a year ago. Net income was PHP 222,892,098 against PHP 104,685,081 a year ago.
For the nine months, the company reported revenues of PHP 2,795,230,889 against PHP 2,374,329,181 a year ago. Income before income tax was PHP 991,443,898 against PHP 759,900,300 a year ago. Net income was PHP 700,501,952 against PHP 534,097,674 a year ago. Basic and diluted earnings per share were PHP 0.078 against PHP 0.060 a year ago. Net cash used in operating activities was PHP 2,983,666,663 against PHP 1,130,777,760 a year ago. Additions to investment properties were PHP 58,190,750 against PHP 7,635,207 a year ago. Return on asset was 2.39%. Return on equity was 4.95%.
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.