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Robinsons Land Corporation, one of the country’s leading property developers, is planning to raise up to P15 billion from a bond issuance representing the initial tranche of its P30 billion shelf-registered bonds. RLC’s proposed bond issuance is worth P10 billion with an oversubscription option of
Robinsons Land Corporation (RLC), a leading diversified real estate company in the Philippines, reported a net income of P1.74 billion for the first quarter of 2022 from P2.9 billion in the same period last year. The firm’s net income in the first quarter of 2021 was boosted by the recognition of r
Published May 7, 2021, 4:20 PM Robinsons Land Corporation (RLC), a leading diversified real estate company in the Philippines, reported that its net income surged 236 percent to P2.9 billion in the first quarter 2021 from the fourth quarter last year. However, based on its disclosures to the Philippine Stock Exchange, first quarter net income is 13 percent lower than the P3.34 billion earned in the same period of 2020. Amid an unprecedented business environment, RLC achieved consolidated revenues of P16.67 billion in the first three months to accelerate by 35perce t versus the same period ...
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...