MANILA, Philippines -- Property developer Robinsons Land Corp. reported Wednesday its net profit for the fiscal year to September rose 42 percent to P1.72 billion, helped by gains across all units.
"The previous year saw record sales and recurring income achieved by the company's various operations as well as significant innovations and opening of new markets," said president and chief operating officer Frederick Go.
Revenue grew 29 percent to P9 billion, he said in a statement.
Robinsons Land, which is 60 percent owned by conglomerate JG Summit Holdings Inc., operates shopping centers and leases office spaces to business process outsourcing companies.
Robinsons Land shares gained 25 centavos or 1.9 percent to close at P13.75 on Wednesday.
JG Summit was steady at P9.90. By Enrico dela Cruz
($1 = P40.72)
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Robinsons Land Corp.
