 Chairman's Message
The year 2009 saw Anchor Land Holdings, Inc. continue its sustained growth and profitability as we enjoyed another banner year of brisk sales and trailblazing projects while at the same time living up to our 100% commitment of delivering only the best for our customers and stakeholders.
Anchor Land’s revenues in 2009 climbed for the third successive year. More impressive is the corollary growth in our net income, as well as our earnings per share, which rose to P1.08 from the previous year’s P.68.
ALHI’s 2009 financial performance sustained a robust trend of increasing profitability. The company also commenced the development of commercial properties like the One Shopping Center and Two Shopping Center that are expected to provide us long-term recurring income in the coming years.
Also during the year, we started turning over units at Mandarin Square, the company’s third completed project. Our fourth project, the SoleMare Parksuites, likewise saw significant construction progress and became a major contributor to the company’s revenue stream.
I thank our loyal customers, investors and stakeholders for another successful year and for their unwavering trust and confidence, without which we would not have been able to achieve all these sterling results.
Rest assured that the Board will continue to work harder towards making Anchor Land not only profitable and stable, but also more focused and dedicated to delivering only the best and most sophisticated real estate developments in the years ahead.
Stephen Lee
Chairman
Anchorland Holdings
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