Property developer Sta. Lucia Land reported a 6.6 percent rise in net income for the first half of the year. The company informed the Philippine Stock Exchange that net income climbed to P429 million from P402 million a year ago.
Consolidated revenues had increased 16 percent to P1.8 billion from P1.6 billion posted in the same period last year. The increase was attributed to “extensive” marketing strategies and the financing it was able to generate through a bond issue last year.
Real estate sales, which accounted for the bulk of the revenues, were up 13.6 percent.