Revenues reached more than Php3 billion while earnings before taxes was over Php1 billion. The strong numbers translate to earnings per share of Php2.41, 48% higher than the previous year.
"We have achieved several milestones in 2011 that further strengthened our industry position as one of the fastest-growing in terms of profitability, organization and project offerings. This solidified position in turn has opened more opportunities that we intend to take advantage to the fullest and to work towards enhancing our shareholder value even more,” said ALHI Chairman Stephen Lee.
"Our healthy bottomline is attributed mainly to a combination of higher revenues and lower costs, which came in marginally lower than the year before. This efficient cost control is quite significant given the ongoing expansion of our manpower resources while undertaking several major projects,” he added.
Lee said assets grew to Php11 billion, a 53% increase from the previous year’s Php7 billion.
He said that the company’s new projects in 2012 will be a mix of horizontal, vertical and commercial developments as part of Anchor Land’s continuing efforts to create new markets and expand existing ones, particularly its portfolio of commercial projects that should provide more recurring income in the near- to medium-term.
"We will continue our focus in Metro Manila where our company has established a strong presence and loyal customer base particularly in the Filipino-Chinese community. We aim to take advantage of the goodwill and trust that we have built over the years through quality projects, innovative selling approaches and strong customer service that have become our trademark in the industry,” Lee added.
The new projects include Oxford Parksuites, another learning-focused residential condominium in Chinatown’s university belt that will be a follow-up to the successful Wharton Parksuites along Masangkay Street. Both developments are targeted towards those who study or send their children to the prestigious Chinese learning institutions in the area.
Another new development concept being undertaken is Clairemont Hills, a low-density development to rise in suburban San Juan City which will feature clusters of three-storey townhomes and a medium-rise condominium at the center with a maximum of four units per floor. The project features a tropical garden setting within a secure, quiet and gated compound that offers subdivision-like amenities and a location that is also close to many exclusive schools in the city.
Anchor Land has likewise acquired a prime property near its very successful Admiral Hotel redevelopment project along Roxas Boulevard. The company intends to put up a premium commercial office building that will be fully leased out to businessmen and investors.
"This prime area is vastly underserved since no new office buildings have been built there in at least ten years, and we anticipate strong take up since the offices will offer a magnificent and unobstructed view of Manila Bay,” the ALHI chairman said.
Another new project is One Executive Suites, which will serve as the residential component of Two Shopping Center in Pasay City, Anchor Land’s successful foray into the commercial development segment together with One Shopping Center. One Executive Suites will be built right across Two Shopping Center and will cater exclusively to traders and wholesalers in the Baclaran bargain shopping district.
Already in the drawing boards is another commercial development in Manila called One Soler, an 18-storey commercial building with warehousing facilities which should further enhance the great shopping experience in the Divisoria area, one of the country’s oldest commercial and trading centers. It will be built near the corner of Soler Street and Reina Regente Street.
Lee said they will continue the expansion of SoleMare Parksuites, by far the company’s most successful project in the Manila Bay area between the Mall of Asia and the upcoming Pagcor Entertainment City. The project is in a most strategic location within Asia’s next Vegas where Anchor Land is the pioneer residential developer and the first to turn over completed units to buyers.
The company has already completed and turned over Phase 1 of SoleMare consisting of two medium-rise condominium towers and is currently finishing two more towers that make up Phase 2. A third phase will be launched this year with bigger and better amenities to sustain Anchor Land’s momentum and market leadership in the area.
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