Robinsons Land posts profit uptick in Jan-Sept

MANILA, Philippines – Robinsons Land Corp.’s profit in the first nine months inched up by 2 percent to P10.17 billion on the steady growth of its investment properties.

Excluding its one-time gain from the reclassification of its GoTyme investment last year, attributable net income climbed 10 percent year-on-year.

READ: Robinsons Land sees H1 gains across segments

For the third quarter alone, net income went up by 19.5 percent to P3.30 billion from P2.76 billion.

The group’s consolidated revenues in the January to September period generated P35.61 billion, up 13 percent from last year’s P31.42 billion.

Its investment portfolio—composed of malls, offices, hotels, and warehouse segments—also grew by 9 percent.

“Our performance this quarter underscores the strength and resilience of our core businesses. Despite a more competitive environment and strategic reinvestments, we sustained healthy profitability and expanded our revenue base,” RLC president and chief executive officer Mybelle Aragon-GoBio.