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 expand in 18 provinces August 16, 2010 Publicly listed property group Vista Land and Lifescapes announced its latest initiative to consolidate its franchise as the country's largest homebuilder Read More >> |
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Vista Land to aid units August 16, 2010 Vista Land & Lifescapes Inc. said it will reclassify its unissued common shares into preferreds, as the real estate firm of Senator Manuel Villar expands its purpose to include lending to its units. Read More >> |
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Net profits double in the first quarter August 15, 2010 Listed companies more than doubled their profits in the first quarter, reflecting the strength of the economy (which grew 7.3% during the period, the best first-quarter performance in 30 years), strong consumer spending, robust election spending and... Read More >> |
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Vista Land earnings up August 13, 2010 Vista Land & Lifescapes Inc. said its net income grew by almost a third in the first half as the company expects sales take-up to hit P20 billion this year. Read More >> |
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OFW market props up Vista Land sales August 13, 2010 Listed property developer vista Land & Lifescapes Inc. said sales takeup during the second quarter hit a record P5.1 billion driven by its core overseas Filipino worker (OFW) market. Read More >> |
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