By: Doris Dumlao-Abadilla Philippine Daily Inquirer / 11:39 AM September 18, 2017 Property developer Sta. Lucia Land Inc. plans to tap the...
Sta. Lucia Land, Inc. (“SLI” or the “Company”) is a real estate development company listed on the Philippine Stock Exchange (stock code—SLI). In 2007, the Securities and Exchange Commission (“SEC”) approved several changes in the Company after it underwent a restructuring program, including the change of the Company’s corporate name from Zipporah Mining and Industrial Corporation to the present one. Also in 2007, SLI became a public company via a back door listing.
SLI’s portfolio consists of horizontal and vertical properties across the country, as well as a shopping mall in Cainta, Rizal, namely, Sta. Lucia Mall. The Company’s clients comprise of families, overseas Filipino workers, foreign investors, retirees, young urban professionals, and newly-married couples, among others.
In February 2013, the SEC approved the incorporation of Sta. Lucia Homes, Inc. as a wholly-owned subsidiary of SLI with the primary purpose to construct, develop, improve, mortgage, pledge, and deal with residential structure for lot buyers. In April 2013, the incorporation of another wholly-owned subsidiary, Santalucia Ventures Inc., was approved by the SEC.
Year 2016 Performance Highlights
Sta. Lucia Land Inc’s 2016 Net Income Up by 8%
April 19, 2017
Sta. Lucia Land Inc.’s (SLI) net income increased YOY by 8% from Php 676 million to Php 730 million while gross revenues increased by 6% from PHP 3.104 billion to PHP 3.293 billion.
The 12% growth of its real estate revenues contributed to this increase, from PHP 1.681 Billion in 2015 to PHP 1.890 Billion in 2016. Total assets increased by 13%, from PHP 21.371 Billion to PHP 24.125 Billion.
For year 2016, the Company has continued to expand in key cities and provinces as it has acquired 97 properties totaling 418 hectares in Pasig City, Bulacan, Cavite, Laguna, Batangas, Rizal, Palawan, Iloilo, Cebu, Zamboanga, General Santos City and Davao and sealed over 39 joint venture agreements totaling 463 hectares in Pasig City, Pangasinan, Cavite, Laguna, Batangas, Rizal, Palawan, Iloilo, Cebu, Negros Occidental and Davao.
Recently, the Credit Rating and Investors Services Philippines, Inc (CRISP) has re-affirmed Sta. Lucia Land Inc’s “AA+” issuer rating. SLI, on its 10th year as a public listed company, sees this as a testament to its continuing growth and excellence in its commitment to provide quality real estate developments.
Investor Relations Program
The Company has established communication channels that promote effective communication with its shareholders and the investing community.
Aside from the regular reporting and disclosures to the various regulating agencies such as the SEC, PSE and IC, the Company actively maintains its website that provides timely information updates on its governance, operational, and financial performance.
The Company has also designated relations officers to handle investor and shareholder queries and requests, and their contact information can easily be accessed through the Company’s website.
The President/CEO and Chief Financial Officer (CFO) exercises oversight responsibility over this investor relations program.
- Objectives: To build better understanding and cultivate a relationship of trust with stakeholders, the Company has set-up communication channels that promote effective communication with its shareholders and the investing community.
- Principles: Handle investors and shareholders queries and requests as a top priority matter and therefore, immediate resolution is required.
- Modes of Communications: Company Website and PSE Website for all our corporate disclosures which includes stock performance, security information, company profile, chart, and historical data