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June 03, 2015 2:09 PM 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 primarily in Metro Manila, the Philippines. It operates through two segments, Residential Development and Commercial Leasing. The company develops, sells, and manages various residential project properties; and engages in the sale, leasing, and manages commercial buildings or spaces used for retail and office leasing, including cinema operations, as well as other residential retail spaces, such as high-rise condominiums. 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...

The Garage at Rockwell Center

Estrella Street

Makati City,  1200

Philippines

Founded in 1975

767 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 Provides Capital Expenditure Guidance for the Year 2015

Rockwell Land Corporation announced the increase in the company's appropriation for capital expenditures in 2015 to PHP 13 billion, almost 50% more than last years allocation of PHP 8.7 billion.

Rockwell Land Corporation Reports Unaudited Consolidated Earnings Results for the First Ended March 31, 2015

Rockwell Land Corporation reported unaudited consolidated earnings results for the first ended March 31, 2015. For the quarter, the company reported total revenue of PHP 1,828 million against PHP 1,423 million for the same period last year. Income before income tax of PHP 511 million against PHP 347 million for the same period last year. Net income attributable to equity holders was PHP 359.9 million or PHP 0.06 per basic and diluted share against PHP 254.2 million or PHP 0.04 per basic and diluted share for the same period last year. Net cash used in operating activities of PHP 888 million against net cash provide by operating activities of PHP 133 million a year ago. Acquisition of property and equipment of PHP 40 million against PHP 140 million a year ago. Acquisition of investment properties of PHP 1 million against PHP 144 million a year ago. ROA was 3.6% against 2.9% a year ago. ROE was 11% against 8.8% a year ago.

Philippines Auction To Privatize Properties Failed

The finance department’s Privatization and Management Office (PMO) will explore alternatives in disposing state-owned assets it offered for sale as the properties auctioned on April 16, 2015 failed to attract buyers. “We will explore other options,” PMO Officer-in-Charge Toni Angeli V. Coo said in an interview at the close of the auction. PMO offered the P711.52-million Fil-Eastern Wood Industries, Inc. property along E. Rodriguez Avenue in Quezon City and the P534.42-million National Power Corporation property at Sen. Gil Puyat Ave. cor. Tindalo St. in Makati City. The Fil-Eastern Wood property in front of De Los Santos Medical Center has a total area of 21,056 square meters. Keppeland Realty Corporation, City Asset, Inc., Robinsons Land Corp. (PSE:RLC) and Filinvest Land, Inc. (PSE:FLI) had bought bid documents for the property. The Napocor property in Makati City, on the other hand, has a total area of 2,798 square meters. Ten corporate entities and an individual had bought bid documents for that auction, namely: Ayala Land, Inc. (PSE:ALI),Filinvest Land, Inc. (PSE:FLI), Megaworld Corporation (PSE:MEG); Rockwell Land Corporation (PSE:ROCK); DMCI Project Developers, Inc.; Robinsons Land Corp. (PSE:RLC); Metro Pacific Hospital Holdings, Inc.; New San Jose Builders, Inc.; Home Development Mutual Fund; Hyatt Elevators and Escalators Corporation; as well as a certain Agnes Lacorte.

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