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 makes P873-M net profit in 1st Q May 17, 2011 MANILA, Philippines—Housing developer Vista Land & Lifescapes grew its first quarter net profit by 26 percent to P873 million from a year ago on robust sales of new houses to overseas Filipino workers. Read More >> |
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Vista Land sees profits to grow by 13% this year May 17, 2011 Villar-led Vista Land and Lifescapes, Inc. expects profits to continue growing in double digits this year, albeit at a slower pace, executives said on Tuesday. Read More >> |
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Vista Land sets 2011 income growth at 13% May 17, 2011 MANILA, Philippines - Vista Land& Lifescapes Inc., a listed property developer, is targeting full-year net income to grow by 13 percent, a top official said after the company released first-quarter results on Tuesday. Read More >> |
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Vista Land Q1 net income up 26% May 17, 2011 Property holding company Vista Land & Lifescapes Inc. on Tuesday reported that its net income in the year's first three months grew by more than a fourth on higher revenues. Read More >> |
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Vista Land raises $ 75-M via bonds May 09, 2011 MANILA, Philippines - Villar-led property firm Vista Land and Lifescapes Inc. has tapped an existing bond facility, raising an additional $ 75 million in debt. Read More >> |
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