March 21, 2013
MANILA, Philippines - Vista Land & Lifescapes, Inc., real estate firm founded by Sen. Manuel Villar, reported a net income of P4.4 billion in 2012, a record high. In a statement to the stock exchange on Thursday, March 21, Vista Land said its financial performance exceeded the P4.2 billion goal for 2012, citing record sales. “We are very pleased to report that we have once again exceeded our targets for the year,” Manuel Paolo Villar, Vista Land’s Chief Executive Officer and son of Sen. Villar, said in a statement. The 2012 earnings performance translates to a 25.7% increase from 2011's P3.5 billion net. A year ago, its net income rose 17%. Real estate sales reached P16.3 billion in 2012, an all-time high. Total assets stood at P74.3 billion in 2012 against P67.6 billion a year ago. It has a land bank of 1,962 hectares nationwide. “Our strategy is paying off handsomely and given the strength of the property market, particularly housing, we will continue to focus on bringing the Camella brand to families around the country," Villar added. Vista Land is the holding company of 5 business units: Brittany, Crown Asia, Camella Homes, Communities Philippines, and Vista Residences. "The market demand for housing, particularly for Camella in the provinces, continues to be robust and we don’t see any risk of a slowdown in that segment," Ricardo B. Tan, Jr, Vista Land’s Chief Financial Officer, said about prospects for 2013. Vista Land is mulling a capital restructuring plan, which is part of moves to raise funds in the future without breaking foreign ownership rules. - Rappler.com
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Vista Land profit soars 24% to P3.23B in 9 mos November 16, 2012 MANILA, Philippines - Vista Land & Lifescapes Inc., the country’s largest homebuilder, posted net earnings of P3.23 billion in the first nine months, up 24 percent from the same period in 2011, on record sales. Read More >> |
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Vista Land Expects Record Profits November 15, 2012 Vista Land & Lifescapes, Inc., the country’s largest homebuilder, expects 2012 and 2013 to be banner years with profits hitting record highs and possibly hitting the P5-billion mark by next year. Read More >> |
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Vista Land expands condo projects September 29, 2012 Vista Land and Lifescapes Inc., the country’s largest home-builder, is expanding its portfolio of condominium projects as it aims to at least double the contribution of high-rise projects to the group’s total revenues. Read More >> |
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Vista Land obtains SEC nod to sell P2.5-b bonds September 29, 2012 The Securities and Exchange Commission approved the application of Vista Land & Lifescapes Inc. to issue P2.5 billion worth of HomeBuilder Bonds. Read More >> |
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SEC Approves VLL’s P2.5-B Bonds September 28, 2012 MANILA, Philippines — The Securities and Exchange Commission (SEC) has approved the planned P2.5-billion issuance of Homebuilder bonds by Vista Land & Lifescapes (VLL). Read More >> |
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