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Robinsons Land posts P8.5 billion net income in 2021, near pre-pandemic level

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MANILA - Robinsons Land Corp on Wednesday said its net income jumped 62 percent in 2021 to P8.5 billion, a level closer to its pre-pandemic performance.Consolidated revenues grew 30 percent to P36.5 billion for the year, RCL said in a disclosure to the stock exchange.Fourth-quarter revenues hit P5.66 billion with a net income of P206 billion as restrictions ease, it said.Increased foot traffic gave its mall business a boost in terms of revenue, the company said. Its Office business also sustained an upward trajectory while its hotels unit achieved a 16 percent quarter-on-quarter growth, it added.&quot;2021 was an eventful year for RLC. We pushed boundaries to create value for our stakeholders and continued to invest in our long-term sustainability,&quot; RLC president and CEO Frederick Go said.&quot;As the economy approaches full reopening, the diversity of our portfolio, our healthy balance sheet and agile mindset put up in a strong position to capture growth opportunities towards accelerated recovery,&quot; he added.RLC also listed its real estate investment trust RL Commercial REIT in 2021. RCR is the country&#x27;s largest REIT in terms of market capitalization, portfolio valuation and asset size, it said.<ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/11/03/21/rl-commercial-reit-eyes-more-assets-to-boost-dividend">RL Commercial REIT eyes acquiring more assets to boost dividend</a></li>	<li><a href="https://news.abs-cbn.com/business/09/14/21/robinsons-rl-commercial-reits-debuts-on-pse">PH&#x27;s &#x27;largest&#x27; real estate investment trust RL Commercial REIT debuts on PSE</a></li></ul>

 Robinsons Land Corp on Wednesday said its net income jumped 62 percent in 2021 to P8.5 billion, near its pre-pandemic level.