“Robinsons Land remains steadfast in its commitment to deliver value to stakeholders as it seeks to be one of the fastest-growing developers in the Philippines in terms of profit. The company will achieve this by offering well-designed, innovative, and high-quality developments that all stakeholders can be proud of; developing sustainable real estate projects; and building landmark destination estates.”
Revenue
EBITDA
EBIT
Net Income
RLC capped 2019 with consolidated revenues of Php30.6 billion, registering a 3% year-on-year growth driven by the strong performance of recurring-income businesses under its investment portfolio. Composed of malls, offices, hotels, and industrial facilities, the investment portfolio contributed 69% of total revenues, while the balance came from the sale of residential units and land parcels that form part of the development portfolio. EBITDA increased steadily by 5% to Php17.2 billion, while EBIT landed at Php12.3 billion for a marginal growth of 3%. The year ended with a 6% rise in consolidated net income to Php8.7 billion from Php8.2 billion in 2018.