RLC posts P5.26-B net income in 2020
However, in a disclosure to the Philippine Stock Exchange, the firm said it exhibited resilience and agility with recorded quarter-on-quarter improvements in key operating indicators across its business units. Net income in the fourthquarter of 2020 grew by 20 percent versus the previous quarter to end at P863 million. Consolidated revenues registered at P25.40 billion last year, down 17 percent. RLC’s Development Portfolio, accounting for 49 percent of consolidated revenues, increased by 30 percent to P12.26 billion to partially offset the decline from the Investment Portfolio...
Source: mb.com.ph