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 to spend P2.1B on condo project June 05, 2011 VILLAR-LED property firm Vista Land and Lifescapes, Inc. will spend P2.1 billion to build a new condominium project targeting students and young professionals in Manila. Read More >> |
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Vista Land registers record sales June 02, 2011 MANILA, Philippines — Vista Land & Lifescapes, the country’s biggest homebuilder, posted record sales of over 5,000 units in the first four months of 2011 more than half of the 9,500 units registered for the entire 2010. Read More >> |
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Vista Land posts record sales June 01, 2011 On track to meeting ’11 goal Read More >> |
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Vista Land unfazed by toughening market May 18, 2011 The property market has become challenging with new players providing added supply, yet prospects remain rosy for Vista Land and Lifescape Inc., officials said. Read More >> |
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Vista Land declares special dividend May 18, 2011 MANILA, Philippines — Vista Land & Lifescapes, Inc., the country’s largest homebuilder, reported a 26 percent growth in net income for the first quarter to P873 million from the P694 million earned in the same period last year. Read More >> |
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