• Rockwell Land 2015 net income grows to P1.63B

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    PROPERTY developer Rockwell Land Corp. on Thursday said its net income for 2015 totaled P1.63 billion, up from P1.56 billion a year earlier.

    Rockwell Land’s board of directors has approved its consolidated audited financial statements for the year ended December 31, 2015, the company said in a disclosure to the Philippine Stock Exchange.

    Its revenues amounted to P8.91 billion from P8.85 billion.

    Rockwell Land earlier announced a bilateral long-term loan facility agreement with Metropolitan Bank & Trust Co. The loan of up to P5 billion comes in various maturities of five, seven, and 10 years.

    The loan proceeds will be used to fund capital expenditures.

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