Sta. Lucia Land, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2016
November 15, 2016 at 04:29 am EST
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Sta. Lucia Land, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2016. For the quarter, the company's revenue was PHP 530,182,329 compared to PHP 657,006,450 a year ago. Income before income tax was PHP 149,546,207 compared to PHP 107,198,346 a year ago. Net income attributable to parent equity holder was PHP 104,685,081 compared to PHP 62,468,240 a year ago. Basic/diluted earnings per share was PHP 0.01 compared to PHP 0.01 a year ago.
For the nine months, the company's revenue was PHP 2,374,329,181 compared to PHP 2,252,898,272 a year ago. Income before income tax was PHP 759,900,300 compared to PHP 732,023,994 a year ago. Net income attributable to parent equity holder was PHP 534,097,674 compared to PHP 514,196,150 a year ago. Basic/diluted earnings per share was PHP 0.060 compared to PHP 0.060 a year ago. Net cash used in operating activities was PHP 1,524,189,067 compared to PHP 133,609,654 a year ago. Additions to property and equipment was PHP 4,163,977 compared to PHP 11,237,664 a year ago. Book value per share was PHP 1.48 compared to PHP 1.42 as on December 31, 2015.
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.