The project generated revenues of P10.5 billion last quarter, following the handover of Phase 1 units. RLC’s commercial centers division recorded 22-percent better revenues of P2.25 billion. Its residential division, on the other hand, recorded net sales of P2.82 billion, representing 72 percent pre-pandemic levels. “Business environment in the first quarter improved on the back of reduced quarantine restrictions and increased economic activity. Shares of RLC inched up by 8 centavos or 0.49 percent to finish at P16.50 apiece on Friday.

Source: Manila Times May 07, 2021 16:30 UTC