Sta Lucia Land Inc. (SLI) posted a net income of P 884 Million for the first half of the year, 104% higher than its year-ago level of P 433 Million. Gross Revenues grew to P 3.496 Billion which increased 70% from P 2.059 Billion same period last year. Total assets grew to P 36.696 Billion as of June 2019 from P34.716 Billion as of December 2018 which is a 6% increase.
Gross Sales from Real Estate Revenues continues to be the main driver of growth of SLI with a 98% growth of P 2.524 Billion compared to same period last year of P 1.273 Billion.
To sustain this growth momentum, the Company has over 90 ongoing projects as of June 30, 2019 all over the nation located in Quezon City, Marikina City, Cavite, Laguna, Rizal, Batangas, Bulacan, Dagupan City, Pangasinan, Tarlac, Nueva Ecija, Palawan, Iloilo, Silay City and Davao.
Sta. Lucia Land Inc. (PSE: SLI) is one of the leading real estate developers in the Philippines. It is part of the Sta. Lucia Group, which has a real estate development record of over 45 years and has completed more than 250 projects, developed more than 10,000 hectares of land, and created some of the best known communities, subdivisions, and estates across the country. SLI’s portfolio consists of residential, commercial, leisure, and retail assets in key cities and municipalities in the Philippines.
Forward Looking Statements. This press release may contain forward-looking statements based on current expectations of future events and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Forward-looking statements are subject to risks and uncertainties that may change at any time; hence, SLI’s actual results may differ materially from those expressed in any such statements. Any forward-looking statement in this press release is made only as of the date hereof, and SLI assumes no obligation to update such forward-looking statement as a result of new information, future events, or other circumstances.