RCI net income hits P14.2-billion on land value appreciation - BusinessWorld Online

RCI net income hits P14.2-billion on land value appreciation - BusinessWorld Online

Roxas and Company, Inc. (RCI) delivered record-breaking Net Income After Tax in 2024, surging to P14.3-billion , a 978% increase from P1.3-billion in 2023. This was driven by a P20-billion fair value gain on investment properties following the resolution of the decades-long legal cases of the Roxas estate in Nasugbu. The milestone paves the way for the long-term land development and growth of the areas retained by RCI. The gain offset lower oper…