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 declares cash dividend September 17, 2012 VISTA LAND & Lifescapes Inc., the country’s largest homebuilder, has declared a cash dividend in the amount of P0.08 per share, a regulatory filing showed. Read More >> |
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Vista Land, BPI expect interest rates to remain low September 17, 2012 MANILA, Philippines - Business executives expect interest rates to remain at record lows, boosting property markets and bank lending. Read More >> |
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Vista Land issuing P2.5-B ‘Homebuilder Bonds’ to raise funds August 22, 2012 A property developer is raising up to P2.5 billion in corporate by selling three-year bonds to prospective investors at an indicative yield of 5 percent to 6.65 percent. Read More >> |
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Vista Land to start construction of eight condominiums in 2012 February 06, 2012 VILLAR-LED Vista Land & Lifescapes, Inc. plans to start work on eight condominiums worth P10 billion this year, banking on continued demand from overseas Filipino workers. Read More >> |
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Vista Land to spend P10B for 8 condos February 06, 2012 Vista Land and Lifescape Inc. expects to launch eight new condominium projects for the year, spending P10 billion. Read More >> |
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