RLC 1H2023 domestic net income surges by 71%, posts record operating margins
newscatcher
2023-08-11 04:31
RLC 1H2023 domestic net income surges by 71%, posts record operating margins
Robinsons Land Corporation (RLC), a leading diversified real estate company in the Philippines, delivered strong growth across all businesses and achieved record EBITDA and EBIT margins in the first half of 2023. Net income attributable to equity holders of parent grew 23% to Php5.78 billion, even with the high base effect of earnings from RLC's Chengdu Ban Bian Jie project in China last year. Excluding China, profits from domestic operations accelerated by 71%. Consolidated revenues registered at Php19.

https://business.inquirer.net/415400/rlc-1h2023-domestic-net-income-surges-by-71-posts-record-operating-margins

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