Gross revenues were at a record P 8.370 Billion resulting in a new high net income of P 2.840 Billion, an increase of 24% and 66% respectively compared to that of 2020. Our balance sheet continues to expand as total assets increased by 14%, from P 45.786 Billion to P 51.993 Billion.
Sales Growth
Sales growth (%) was spread throughout the nation:
- Luzon – 22%
- Visayas – 41%
- Mindanao – 64%
Projects Landbank Growth
According to a recent report by property advisor Colliers International Philippines, residential developers are encouraged to continue their land banking initiatives within and outside Metro Manila. For the year 2021, SLI has continued to grow and strengthen its foundation in select provinces through continuous land banking where the Company has had proven and continued success, including new pioneer areas. Land acquisitions and joint venture agreements totaling 434.42 hectares were approved by the board of directors in the following areas:
- General Trias
- Bacoor
- Biñan
- Calamba
- Mabitac
- Bauan
- Nasugbu
- Sto. Tomas
- Tanauan
- Lipa
- Taytay
- Tanay
- Pililla
- Baras
- Antipolo
- Plaridel
- San Jose Del Monte 1
- Mangaldan
- Lapu-Lapu
- Sta. Barbara
- Kidapawan
- Sta. Cruz
- Digos
Commercial Growth
The organization has also expanded its commercial properties adjacent to our residential communities with over 122.68 ha across the nation. The company continually seeks to unlock the values of these developed properties, serve the needs of the community and maximize its recurring revenue base.
