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 Homebuilder Bonds OK’d September 28, 2012 THE P2.5-BILLION Homebuilder Bonds of Vista Land & Lifescapes, Inc. has obtained regulatory approval in a bid to raise funds for corporate purposes and attract more buyers of the company’s properties. Read More >> |
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Vista Land unveils new tack in growing condo market September 25, 2012 Vista Land & Lifescapes Inc., a listed property developer led by the family of Sen. Manuel Villar Jr., is adopting a new approach to tap the fast-growing condominium market as it eyes revenue contributions here to potentially double in a year. Read More >> |
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Vista Land bonanza September 18, 2012 Publicly-listed Vista Land and Lifescapes Inc., the country’s largest homebuilder, declared a cash dividend of P0.08 per share. Read More >> |
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Vista Land Declares P672.5-M Dividend September 17, 2012 Vista Land and Lifescapes, Inc., the country’s largest homebuilder, has declared a cash dividend of 8 centavos per share amounting to P672.52 million. Read More >> |
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Vista Land approves cash dividend September 17, 2012 PROPERTY DEVELOPER Vista Land & Lifescapes, Inc. has approved the distribution of regular cash dividends to its stockholders amounting to 8 centavos per share next month, as it cited robust financial performance so far and its upbeat full-year outlook. Read More >> |
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