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Robinsons Land spending P22 B for projects this year
The Philippine Star
|March 26, 2024
Robinsons Land Corp. (RLC) plans to spend around P22 billion this year to continue expanding its footprint nationwide.
The Gokongwei-led property developer said the P22 billion, which would come from its retained earnings, would be used for domestic capital expenditures for 2024.
“The earmarked amount is for the continuing capital expenditures of the company for subdivision land, condominium, residential units and other real estate properties for sale, development and expansion of investment properties and property and equipment,” RLC said.
The capex will be funded through internally generated cash from operations and borrowings.
RLC operates 54 shopping malls as of end-2023, eight of which are in Metro Manila and 46 are situated in other urban areas throughout the country.
Denne historien er fra March 26, 2024-utgaven av The Philippine Star.
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