Letlole La Rona profits fall on higher vacancies

Wednesday, March 30, 2016

Listed property company, Letlole La Rona (LLR) recorded a lower profit after tax of P23.5 million for their half-year ended 31 December 2015 compared to P40 million realised in the corresponding period last year.

According to the group’s Chief Executive Officer, Paul More the situation is expected to improve significantly by June this year.

“Although profit for the half year declined relative to prior year, this situation is expected to improve significantly by June this year owing to management’s initiatives in efficiently managing voids and costs containment measures applied,’’ he said.

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Letlole La Rona profits fall on higher vacancies

Listed property company, Letlole La Rona (LLR) recorded a lower profit after tax of P23.5 million for their half-year ended 31 December 2015 compared to P40 million realised in the corresponding period last year.