Sta Lucia Land Inc. (PSE: SLI) posted a net income of PhP884 million for the first half of the year, 104% higher than its year-ago level of PhP433 million. Gross Revenues grew to PhP3.496 billion which increased 70% from PhP2.059 billion same period last year. Total assets grew to PhP36.696 billion as of June 2019 from PhP34.716 billion as of December 2018 which is a 6% increase.
Gross Sales from Real Estate Revenues continues to be the main driver of growth of SLI with a 98% growth of PhP2.524 billion compared to same period last year of PhP1.273 billion.
To sustain this growth momentum, the Company has over 90 ongoing projects as of June 30, 2019 all over the nation located in Quezon City, Marikina City, Cavite, Laguna, Rizal, Batangas, Bulacan, Dagupan City, Pangasinan, Tarlac, Nueva Ecija, Palawan, Iloilo, Silay City and Davao.