Sta. Lucia Land, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 07, 2020 at 10:52 am IST
Share
Sta. Lucia Land, Inc. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced total revenue was PHP 937.970 million compared to PHP 2,225.290 million a year ago. Net income was PHP 259.183 million compared to PHP 545.265 million a year ago. For the half year, net income was PHP 757.534 million compared to PHP 883.743 million a year ago. Basic earnings per share was PHP 0.09 compared to PHP 0.11 a year ago.
Sta. Lucia Land, Inc. is a Philippines-based developer of residential communities, with a portfolio consisting of developments that include residential, commercial, and retail assets. Its segments include Leasing and Residential Development. The Leasing segment consists of the investment properties, which includes properties held to earn rentals and are not occupied by the Company. The Residential Development segment is engaged in the development and selling of subdivision lots and condominium projects across the Philippines. Its residential projects include horizontal developments, which consist of residential lots for sale in gated subdivisions complete with facilities and amenities; and vertical developments, which comprises townhouse projects, condominium projects and condotel projects. Its commercial properties include malls, business centers, and commercial lots. Its townhouse projects consist of residential housing units, including independent and identical houses.
STA. LUCIA LAND, INC. 