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 Reports P2.6-B Income, Heads For Another Banner Year November 14, 2011 MANILA, Philippines — Vista Land & Lifescapes, Inc., the country’s largest homebuilder, reported a 20 percent growth in net income for the first nine months of 2011 to P2.61 billion from P2.17 billion in the same period last year — on track to anoth Read More >> |
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Vista Land ups investment October 28, 2011 LISTED Vista Land and Lifescapes Inc. yesterday said it is ramping up investments in its 60-hectare project, the Presidio, in Sucat, Parañaque, to P10 billion. Read More >> |
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Vista Land Unveils P10-B Development October 28, 2011 MANILA, Philippines — Top home developer Vista Land and Lifescapes, Inc. is ramping up to P10 billion its investment in the Presidio, a residential and commercial enclave within the 60-hectare Vistaland Lakefront master-planned city in Sucat. Read More >> |
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Vista Land Declares P597-M Dividends September 13, 2011 MANILA, Philippines — Vista Land & Lifescapes Inc., the country’s largest housing developer, has declared cash dividends to its shareholders amounting to P597 million. Read More >> |
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Vista Land profit up 21% to P1.7B August 16, 2011 MANILA, Philippines - Villar-led property holding firm Vista Land & Lifescapes Inc. grew its first half net income by 21% on the back of robust sales, as investors remained upbeat on the real estate market given a low interest rate environment and sustain Read More >> |
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