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News Real Estate Robinsons Land sets P13.9B capex for 2008-2009
News Real Estate Robinsons Land sets P13.9B capex for 2008-2009
| Robinsons Land sets P13.9B capex for 2008-2009 |
| Monday, 10 March 2008 12:19 | ||||||
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Robinsons Land, the country's fourth largest property company, said 40 percent of its capex will go into the construction of new malls, as well as the refurbishment of existing malls. The rest will be spent on building new offices catering to the business process outsourcing industry and on the construction of residential condominiums, it said. Robinsons Land's first-quarter to December net profit rose 12 percent to P681.9 million, with revenue growing 4.0 percent to P2.35 billion. With market capitalization of P35 billion, the company is 60 percent owned by conglomerate JG Summit Holdings. Shares in Robinsons Land dropped 25 centavos or 2.2 percent to close at P11.00 Monday.
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