AboitizLand’s revenues climbed 34 percent year-on-year to ₱2.9 billion in the first three quarters of 2021, well above pre-pandemic levels.
AboitizLand has bounced back from its dismal performance in 2021 but profits still below pre-pandemic level.
AboitizLand posted a 665 percent year-on-year jump in profit to ₱646 million in the first nine months. But this is still 22 percent below the P829 million profit in 2019.
AboitizLand’s revenues climbed 34 percent year-on-year to ₱2.9 billion in the first three quarters of 2021, well above pre-pandemic levels.
The company cited higher sales, especially of projects with large spot down payments, and increased construction and site development.
Aboitiz and gets the bulk of its sales from residential (73 percent) and industrial (21 percent).
It has 10 residential projects; three economic zones; and six commercial projects in operation.
The original article is published by bilyonaryo.com on November 2, 2021.
Read MoreIf there is one thing that this ongoing pandemic has taught us, it’s learning to appreciate the importance of nature, fresh air, and the luxury of space. With many homebuyers now eyeing the South of Luzon area as an ideal location for settling and raising families, the spotlight is on mixed-use communities where residents can survive, thrive, and simply enjoy life. One such community is the Seafront Residences of AboitizLand.
Read MoreFuture-proof your family’s home with Aboitiz Land’s pre-cast panel technology. Experience the perfect blend of innovation, sustainability, and comfort at home.
Read More
P 0 / month