Rockwell LandRockwell Land Corporation registered P10,712 million in consolidated revenues, higher by 36% from last year’s P7,881 million, for the nine months ended September 30, 2017. Sale of condominium units, including accretion of interest income, accounted for 86% of total revenues.
Total earnings before interest, tax, depreciation and amortization (EBITDA) reached P2,715 million, 16% higher than last year’s P2,333 million primarily driven by the residential segment. Overall EBITDA margin registered at 25% of total revenues, which is lower compared to last year’s 30%. Residential development, commercial development and hotel contributed 63%, 35% and 2% to the total EBITDA, respectively.
Net income after tax (NIAT) registered at P1,593 million, a growth of 31% from last year’s P1,216 million. NIAT margin is at 15%, same with last year.