Anchor Land 9-mth net income up 11% at P453M

HIGH-END property developer Anchor Land Holdings, Inc. reported a consolidated net income of P453.14 million in the first nine months of the year, up 11 percent from a year ago, on strong real estate sales and rental income.

The company said real estate sales, which account for 89 percent of its total revenues, increased by 50 percent as a result of continuing sales and construction of various projects including Monarch Parksuites, Oxford Parksuites, Admiral Baysuites, Princeview Parksuites, Admiral Grandsuites and Anchor Grandsuites during the period.