Rockwell Land Corp. closed 2023 with a profit of P3.4 billion, up 31 percent from the previous year’s P2.6 billion.
Revenues reached P18.5 billion of which residential development hit P14.4 billion, up 18 percent.
Reservation sales stood at P20.3 billion with the strong reception of its Edades West project in Makati, as well as projects Lincoln at IPI Center in Cebu, Cluster 5 of Rockwell South at Carmelray in Canlubang and Phase 5 of Terreno South in Batangas.
Retail revenues amounted to P2.2 billion, up 27 percent, attributed to improvements in occupancy and rental rates, on top of new retail store openings.
“From its flagship in Makati City, Rockwell has continued to expand in other locations in Central and Southern Luzon, as well as the Visayas region,” it said.
Rockwell said it is set to launch new projects this year in key provinces south of the Metro.
“The real estate industry remains progressive, and Rockwell Land is bolstered by its promising performance from the previous year. Rockwell will continue to provide quality mixed-use communities as it continues to grow its business and expand its footprint,” it said.
