Robinsons Land Corp., a unit of the Gokongwei Group, booked a net profit of P4 billion in the first six months of 2019, up 20 percent from P3.33 billion year-on-year.
Robinsons Land said in a disclosure to the stock exchange Friday first-half consolidated revenues climbed 13 percent to P14.79 billion from P13.1 billion on year on the sustained growth of the residential business as well leasing business from office, malls and hotels portfolio.
“We continue to post strong earnings growth as we remain optimistic about new opportunities. We look forward with much enthusiasm to an even better financial performance in the near future,” said RLC president and chief executive Frederick Go.
The group’s shopping malls division posted an 11-percent year-on-year growth in revenues to P6.45 billion.