3rd Quarter 2021 Performance Highlights
Sta Lucia Land Inc. 3Q 2021 Net Income Up By 44%
November 22, 2021
Sta Lucia Land Inc.’s (SLI) net income increased by 44% during the 3Q 2021 at PHP 1.845 Billion compared to PHP 1.280 Billion for 3Q 2020. The increase was due to the 27% increase in gross revenues from PHP 4.536 Billion to PHP 5.740 Billion.
Total assets increased to Php 50.596 Billion while total equity meanwhile increased to Php 19.419 Billion as the company continues to plow back earnings to finance its growth plans.
For year 2021, SLI has continued to expand through joint ventures and land acquisitions in the following growth areas: Cavite, Laguna, Batangas, Rizal, Bulacan, Iloilo, Cotabato and Davao.