Manila—(PHStocks)—Property developer Arthaland Corp. (PSE: ALCO) posted a robust PhP2.33 billion revenue from real estate sales in 2013 or 60% higher year‐on‐year. The operating income rallied at PhP422 million against prior years’ performance.
The significant growth in revenue was driven by the sustained sales take‐up, completion of Arya Residence’s Tower 1, and on‐schedule construction of the project’s second tower.
Backed by the year’s net income of PhP283 million, the company’s board approved the declaration of regular and special dividends of PhP63.8 million and PhP127.7 million, respectively to stockholders of record as of 28 March 2014. Payment date is set on 22 April 2014.
This is the second successive year that the company has declared dividends, founded on the strong growth of its business and cash flows.
“ArthaLand has benefited from the very vibrant economic environment of 2013 that encouraged more investors to put their stake in the property sector,” says Angie de Villa – Lacson, the company’s president and CEO. “Among the many available developments, many have chosen Arya Residences, recognizing its top‐end quality and sustainability features.”
Rising in Bonifacio Global City, Arya Residences is the Philippines’ first and only top‐end condominium development that is on target to achieve dual green building certification.
The project is a two‐tower development, each with unique architectural design. Units in the first tower will be turned‐over beginning the fourth week of March while the second tower will begin turn‐over by the first quarter of 2016.
Arya Residences is registered under the United States Green Building Council’s Leadership in Environmental Design (LEED) program with a certification goal of Gold. This category is among the highest ranking in the global measures in green building, calibrating the development’s design in terms of sustainable sites; water efficiency; energy and atmosphere; materials and resources; indoor environmental quality, and innovation in design.
Arya Residences is also the benchmark vertical residential development in the Philippine Green Building Council’s (PhilGBC) Building for Ecologically Responsive Design Excellence (BERDE). The program is used to measure, verify, and monitor the environmental performance of buildings that exceeds existing local mandatory regulations and standards. PhilGBC’s BERDE is a strong private‐public partnership with the Department of Energy’s Philippine Energy Efficiency Project – Efficient Building Initiative.
ArthaLand’s strong 2013 is also attributed to the company’s rigid management philosophy. “First and foremost, quality is non‐negotiable for us,” underlines Lacson. “We find partners and suppliers who can deliver the best quality at the most reasonable price. Our requirements call for higher standards due to the unique, sustainable parameters of our project. ArthaLand is disciplined on this aspect. We have successfully managed our costs while keeping our selling prices competitive within our category. The key here is efficiency.
“The company is very lean, made up of experts working together to find innovative solutions in design, construction, logistics, product development, marketing, finance, and administration. The organization is run and managed by professionals who had exposure in multiple disciplines here and abroad. These are the very solid foundation of our success as a boutique, entrepreneurial developer. Our sheer size and innovative philosophy allow us to easily navigate a highly competitive industry.”
On the heels of this success, ArthaLand intends to sustain the growth trajectory as it targets to launch a top‐grade office project within the first half of 2014.
The company is extensively exploring with landowners for continuous land banking to allow it to launch new projects every year to keep its momentum.
“With the success of our flagship project, landowners have seen that we can deliver world class, boutique, and sustainable projects. They invite us to explore their properties,” says Lacson. “We are very happy with the market reception – from buyers, investors, property owners to the whole industry in general. We look forward to further grow and cement our position in the industry.”