04/29/2010 [ tribune.net.ph ]
Listed Anchor Land Holdings Inc. reported yesterday its consolidated revenue reached P1.63 billion last year surpassing the previous year’s P1.36 billion on the back of sustained robust sales from its high-end condominium developments.
The company reported to the stock exchange its net income for the year jumped nearly 58 percent to P372.8 million, higher by P136.6 million than its 2008 net income of P236.2 million.
Anchor Land’s assets also nearly doubled to P4.25 billion from the previous year’s P2.72 billion.
Anchor Land chairman Stephen Lee said 2009 marks the company’s third consecutive year of rising profitability since its listing in 2007. Its 2008 income of P236 million was more than double the company’s 2007 earnings of P103 million.
“I thank our loyal customers, investors and stakeholders for another successful year and for their unwavering trust and confidence, without which we would not have been able to achieve all these sterling results,” Lee said.
The strong profitability also allowed Anchor Land to declare a 21 centavo dividend per share for the year. The company’s 2008 dividend was 13 centavos per share.
The 2009 dividend is payable on or before July 15. Entitled to the dividends are stockholders on record as of June 30.
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