RLC earnings surge 236% to P2.9B in Q1

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Photo from: Robinsons Homes

By: Manila Bulletin

Robinsons Land Corporation (RLC), a leading diversified real estate company in the Philippines, reported that its net income surged 236 percent to P2.9 billion in the first  quarter 2021 from the fourth quarter last year.

However, based on its disclosures to the Philippine Stock Exchange, first quarter net income is 13 percent lower than the P3.34 billion earned in the same period of 2020.

Amid an unprecedented business environment, RLC achieved consolidated revenues of P16.67 billion in the first three months to accelerate by 35perce t versus the same period last year.

 

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