Anchor Land Holdings Inc. Reports Consolidated Earnings Results for the First Quarter Ended March 2012; Provides Capital Expenditures Guidance for 2012
May 24, 2012
Share
Anchor Land Holdings Inc. reported consolidated earnings results for the first quarter ended March 2012. For the period, the company reported revenues have reached PHP 1.23 billion, a hefty 71% increase from the PHP 720 million revenues for the same period last year. Net income increased by 23% to PHP 262 million from the PHP 212 million in the first quarter of 2011. Earnings per share was at PHP 0.74 from the PHP 0.61 a year ago. The company announced revenue and net income growth was primarily due to strong sales and construction of ongoing projects like Wharton Parksuites, Anchor Skysuites, SoleMare Parksuites Phase 2 and Admiral Baysuites.
The company announced it has allotted PHP 4.5 billion in capital expenditures for 2012 and will launch at least five new projects to sustain its growth trajectory.
Anchor Land Holdings, Inc. is a holding company of the ALHI Group. The Companyâs principal business interest in real estate is organized to acquire by purchase, lease, donation, or otherwise, and to own, use, improve, develop, subdivide, sell, mortgage, exchange, lease, and hold for investment, real estate of all kinds, whether to improve, manage or otherwise dispose of buildings, houses, apartments and other structures of whatever kind, together with their appurtenances. Its segments include Condominium sales, Leasing, Property management and Hotel operation. The Condominium sales segment is focused on the development of high-end condominium units for sale to third parties. The Leasing segment includes commercial units and shopping centers for lease to third parties. The Property management segment includes facilities management and consultancy services covering condominium and building administration. The Hotel operation segment is focused on management of hotel business operations.
Anchor Land Holdings Inc. Reports Consolidated Earnings Results for the First Quarter Ended March 2012; Provides Capital Expenditures Guidance for 2012
ANCHOR LAND HOLDINGS, INC. 
