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Robinsons Land H1 earnings up by nearly 50%

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The listed real estate firm announces a net income of ₱5.45 billion for the first semester of 2021 - a 48% jump from the same period last year - as its core businesses maintain their recovery.

Robinsons Land Corp. saw earnings surge by almost 50% in the first six months of 2021, the company announced Thursday.

"The robust growth in the first half of 2021 is driven by the continued recovery of RLC's core businesses, which posted a 51% surge in net income," the real estate company said. On a quarterly basis, the listed firm reported ₱2.56 billion in earnings from April to June, noting this exceeded last year's figures by"almost fourfold," with increasing customer activity and engagement in its malls, offices, hotels, industrials along with property development and residential operations.

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