October 20, 2014 9:34 AM ET

Real Estate Management and Development

Company Overview of Rockwell Land Corporation

Company Overview

Rockwell Land Corporation operates as a property developer in high-end and upper-mid markets in Metro Manila, the Philippines. It operates through two segments, Residential Development and Commercial Leasing. The company develops, sells, and manages high-rise condominiums; and leases and manages commercial buildings or spaces used for retail and office leasing, including cinema operations, as well as other residential retail spaces. It is also involved in maintaining and cleaning buildings and other facilities; and leisure club operation and hotel management activities. Rockwell Land Corporation was incorporated in 1975 and is based in Makati City, the Philippines.

The Garage at Rockwell Center

Estrella Street

Makati City,  1200

Philippines

Founded in 1975

585 Employees

Phone:

63 2 793 0888

Key Executives for Rockwell Land Corporation

Rockwell Land Corporation does not have any Key Executives recorded.

Rockwell Land Corporation Key Developments

Rockwell Land Corporation Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Rockwell Land Corporation reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, revenue was PHP 2,123 million against PHP 1,869 million last year. Income before income tax was PHP 466 million against PHP 463 million last year. Net income attributable to equity holders was PHP 334 million or PHP 0.05 per basic/diluted share against PHP 339 million or PHP 0.04 per basic/diluted share last year. For the six months, revenue was PHP 3,546 million against PHP 3,237 million last year. Income before income tax was PHP 813 million against PHP 772 million last year. Net income attributable to equity holders was PHP 588 million or PHP 0.10 per basic/diluted share against PHP 555 million or PHP 0.09 per basic/diluted share last year. Net cash used in by operating activities was PHP 24 million against PHP 400 million last year. Acquisitions of property and equipment were PHP 381 million against PHP 38 million last year. Acquisitions of investment properties were PHP 359 million against PHP 323 million last year. ROA was 3.3% against 4.9% last year. ROE was 9.8% against 10.7% last year. Total EBITDA reached PHP 1,261.0 million, 22% higher than last year's PHP 1,036.9 million primarily driven by a 40% growth in contribution of Residential Development. The company spent a total of PHP 4.6 billion for project and capital expenditures for the first half of 2014, 22% higher than last year's PHP 3.8 billion. The expenditures consist mostly of development costs of The Grove Towers C & D and E & F, Proscenium, and 53 Benitez projects.

Rockwell Land Corporation Approves Dividend on Common and Preferred Shares, Payable on or Before August 11, 2014

Rockwell Land Corporation announce that at the meeting of Board of Directors of the company held, the board approved the declaration of a cash dividend of PHP 0.0459 per share to all common shareholders; 6% per annum cumulative cash dividend from April 10, 2012 to June 30, 2014 amounting to PHP 3,661,625.00 or PHP 0.0013 per share to all preferred shareholders. The dividend is payable on or before August 11, 2014 to the shareholders of record July 18, 2014.

Rockwell Land Corporation, Board Meeting, Jul 02, 2014

Rockwell Land Corporation, Board Meeting, Jul 02, 2014. Agenda: To approve payment of dividend to common and preferred shareholders.

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