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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Villar property firm declares dividend September 20, 2010 Listed property developer Vista Land and Lifescapes, Inc. declared a P460-million cash dividend following a surplus from last year. Read More >> |
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Vista Land announces P460M cash dividends September 20, 2010 Vista Land and Lifescapes Inc. has declared a P460 million cash dividend. Read More >> |
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Vista declares cash dividends September 20, 2010 Listed Vista Land and Lifescapes Inc. declared cash dividends equal to 20 percent of the company's consolidated net income as of Dec. 31. Read More >> |
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Vista residences' The Currency takes on higher value September 20, 2010 Modern man, faced with the necessity of living with and within the fast, unstoppable pace of city life has learned to adapt amazingly. Read More >> |
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Vista Land's Greenscape team champions the environment September 19, 2010 Life, even in the harshest conditions, always finds a way. Even in the most densely populated concret jungle, wayward shoots and leaves manage to bring greenery - bursting from tiny cracks on the hard cement- where it is often systematically wiped out in Read More >> |
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