Sta. Lucia Land Inc. Provides Capital Expenditure Guidance for the Year 2016 and Earnings Guidance for the Year 2015
October 16, 2015 at 07:49 am EDT
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Sta. Lucia Land Inc. provided capital expenditure guidance for the year 2016. For the year 2016, the company plans to double its capital expenditures in 2016 to as much as PHP 4 billion from a PHP 2 billion programmed spending in 2015 to finance land banking activities and the construction of new subdivision projects.
The company is on track to register a net income of PHP 800 million in 2015.
Sta. Lucia Land, Inc. is a Philippines-based developer of residential communities, with a portfolio consisting of developments that include residential, commercial, and retail assets. Its segments include Leasing and Residential Development. The Leasing segment consists of the investment properties, which includes properties held to earn rentals and are not occupied by the Company. The Residential Development segment is engaged in the development and selling of subdivision lots and condominium projects across the Philippines. Its residential projects include horizontal developments, which consist of residential lots for sale in gated subdivisions complete with facilities and amenities; and vertical developments, which comprises townhouse projects, condominium projects and condotel projects. Its commercial properties include malls, business centers, and commercial lots. Its townhouse projects consist of residential housing units, including independent and identical houses.
STA. LUCIA LAND, INC. 
