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 meet with creditors in Asia, London September 08, 2010 Vista Land & Landscapes Inc., a Philippine investment company whose units develop land, met with credit investors in Singapore, Hong Kong and London, according to a persona familiar with the matter. Read More >> |
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Vista Land & Lifescapes, Inc. August 30, 2010 Analysts placed a "buy" tag on Vista Land & Lifescapes, Inc. (VLL) shares given the conglomerate's cheap valuation and a favorable outlook on its earnings. Read More >> |
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Vista Land to create new preferred share class August 28, 2010 Listed developer Vista Land & Lifescapes Inc. is seeking shareholder approval to create a new class of voting preferred shares, a move it says will allow more foreign and local investment. Read More >> |
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Vista Land earns P1.44B in H1 August 23, 2010 Vista Land & Lifescapes Inc., the holding company for majority of the real estate holdings of the family of Sen. Manuel Villar, said yesterday its net earnings rose 12 percent in the first half of this year to P1.44 billion on higher revenues... Read More >> |
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Wil Tower expands Vista Residence's role in condo market August 23, 2010 Vista Land said the project will generate of P4 billion in revenues and is targeted for completion in 2014. Read More >> |
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