Sta. Lucia Land Inc.’s Net Income Remains Stable for Year 2020
May 18, 2021
In terms of financial performance, gross revenues was P 6.778 Billion resulting in a net income of P 1.622 Billion, a flat -12% and -2% decrease respectively compared to that of 2019. We have continued to manage our balance sheet as total assets increased by a modest 13%, from P 40.352 Billion to P 45.786 Billion.
For year 2020, SLI has cautiously expanded in select provinces in which the Company has had proven success. Land acquisition and joint venture agreements were approved in the following areas: Batangas, Laguna, Rizal, Bataan, Pangasinan, Bulacan, Pampanga, Zambales,, Palawan, Iloilo, Surigao Del Norte and Davao.