RLC nets P8.5B, up 62%

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Robinsons Land Corp. (RLC) posted profit of P8.5 billion last year, up 62 percent from P5.25 billion in 2020.

Revenues reached P36.54 billion, up 30 percent from P28.11 billion.

Robinsons Malls posted revenues of P8.25 billion, with earnings before interest tax depreciation and amortization (EBITDA) at P3.86 billion.

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Robinsons Offices’ revenues hit P6.49 billion, up 9 percent.

Robinsons Hotels and Resorts surpassed 2020 revenues by 11 percent, while EBITDA jumped 60 percent due to increased operational efficiencies, RLC said though it failed to provide figures.

Revenues from Robinsons Logistics and Industrial Facilities soared by 50 percent to P354 million.

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