Real Estate Management and Development
Company Overview of Rockwell Land Corporation
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
Makati City, 1200
Founded in 1975
Key Executives for Rockwell Land Corporation
Rockwell Land Corporation does not have any Key Executives recorded.
Rockwell Land Corporation Key Developments
Philippines Auction To Privatize Properties Failed
Apr 17 15
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.
Rockwell Land Corporation Reports Consolidated Earnings Results for the Year Ended December 31, 2014
Apr 16 15
Rockwell Land Corporation reported consolidated earnings results for the year ended December 31, 2014. For the period, the company reported revenue of PHP 8,852,787,000 against PHP 7,829,513,000 for the same period last year. Income before income tax was of PHP 2,176,691,000 against PHP 1,986,112,000 for the same period last year. Net income was PHP 1,563,300,000 or PHP 0.2548 per diluted share against PHP 1,403,956,000 or PHP 0.2284 per diluted share for the same period last year. Net cash generated from operating activities was PHP 1,037,540,000 against net cash used in operating activities of PHP 812,072,000 for the same period last year. Acquisition of investment properties was PHP 1,277,718,000 against PHP 840,090,000 for the same period last year. Acquisition of property and equipment was PHP 466,110,000 against PHP 183,363,000 for the same period last year.
Rockwell Land Corporation Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014
Nov 14 14
Rockwell Land Corporation announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported revenue of PHP 2,499 million compared to PHP 2,141 million a year ago. Income before income tax was PHP 556 million compared to PHP 517 million a year ago. Net income attributable to equity holders of the company was PHP 398 million or PHP 0.06 per basic and diluted share compared to PHP 368 million or PHP 0.06 per basic and diluted share a year ago.
For the nine months, the company reported revenue of PHP 6,045 million compared to PHP 5,378 million a year ago. Income before income tax was PHP 1,369 million compared to PHP 1,288 million a year ago. Net income attributable to equity holders of the company was PHP 986 million or PHP 0.16 per basic and diluted share compared to PHP 923 million or PHP 0.15 per basic and diluted share a year ago. Net cash used in operating activities was PHP 210 million compared to net cash provided by operating activities of PHP 52 million a year ago. Acquisitions of property and equipment was PHP 517 million compared to PHP 307 million a year ago. Acquisitions of Land held for future development was PHP 39 million. Contributions to plan assets were PHP 24 million. Acquisitions of investment properties was PHP 647 million compared to PHP 455 million a year ago. ROA was 3.7% compared to 5.1% a year ago. ROE was 10.9% compared to 11.7% a year ago.
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