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Sta. Lucia Land Inc. (SLI) registers record year in 2021
May 23, 2022
Gross revenues was at a record P 8.370 Billion resulting in a new high net income of P 2.840 Billion, an increase of 24% and 66% respectively compared to that of 2020. Our balance sheet continues to expand as total assets increased by 14%, from P 45.786 Billion to P 51.993 Billion.
Sales Growth
Sales growth (%) was spread throughout the nation:
- Luzon – 22%
- Visayas – 41%
- Mindanao – 64%
Projects Landbank Growth
According to a recent report by property advisor Colliers International Philippines, residential developers are encouraged to continue their landbanking initiatives within and outside Metro Manila. For year 2021, SLI has continued to grow and strengthen its foundation in select provinces through continuous landbanking where the Company has had proven and continued success, including new pioneer areas. Land acquisition and joint venture agreements totalling 434.42 hectares were approved by the board of directors in the following areas:
- General Trias (Cavite)
- Bacoor (Cavite)
- Biñan (Laguna)
- Calamba (Laguna)
- Mabitac (Laguna)
- Bauan (Batangas)
- Nasugbu (Batangas)
- Tomas (Batangas)
- Tanauan (Batangas)
- Lipa (Batangas)
- Taytay (Rizal)
- Tanay (Rizal)
- Pililla (Rizal)
- Baras (Rizal)
- Antipolo (Rizal)
- Plaridel (Bulacan)
- San Jose Del Monte (Bulacan)
- Mangaldan (Pangasinan)
- Lapu-Lapu (Cebu)
- Barbara (Iloilo)
- Kidapawan (Cotabato)
- Cruz (Davao Del Sur)
- Digos (Davao Del Sur)
Commercial Growth
The organization has also expanded its commercial properties adjacent to our residential communities with over 122.68 ha across the nation. The company continually seeks to unlock the values of these developed properties, serve the needs of the community and maximize its recurring revenues base.
Source: https://edge.pse.com.ph/openDiscViewer.do?edge_no=0dc3fe7b2bd008433470cea4b051ca8f
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Quarter 2021 Performance Highlights
Sta Lucia Land Inc. 3Q 2021 Net Income Up By 44%
November 22, 2021
Sta Lucia Land Inc.’s (SLI) net income increased by 44% during the 3Q 2021 at PHP 1.845 Billion compared to PHP 1.280 Billion for 3Q 2020. The increase was due to the 27% increase in gross revenues from PHP 4.536 Billion to PHP 5.740 Billion.
Total assets increased to Php 50.596 Billion while total equity meanwhile increased to Php 19.419 Billion as the company continues to plow back earnings to finance its growth plans.
For year 2021, SLI has continued to expand through joint ventures and land acquisitions in the following growth areas: Cavite, Laguna, Batangas, Rizal, Bulacan, Iloilo, Cotabato and Davao.
Source: https://edge.pse.com.ph/openDiscViewer.do?edge_no=38628c8943863ca45d542af6f1e997b9