LC, led by tycoon Lance Gokongwei, announced the declaration of P3.15 billion in cash dividends or P0.65 per share. The dividends will be paid on June 21 to stockholders of record as of May 31 this year.
At the same time, the developer said first quarter earnings jumped 53 percent to P4.07 billion, which included a one-time gain. Removing this, earnings would have grown 21 percent to P3.34 billion.
The company’s core segments also showed growth, led by shopping malls and hotels, which pushed up the topline by 17 percent to P7.9 billion.
“Bolstered by our robust fundamentals and strong balance sheet, we remain steadfast in our pursuit toward sustained growth and innovative strategies," he added.
Miguel R. Camus has been a reporter covering various domestic business topics since 2009.
