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 Makes P1.7 Billion August 16, 2011 MANILA, Philippines — Vista Land & Lifescapes, Inc., the country’s largest homebuilder, reported a 21 percent hike in net income for the first half of 2011 to P1.7 billion from the P1.4 billion earned in the first half of last year. Read More >> |
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Vista Land’s first-semester net profit up 21% to P1.7 billion August 15, 2011 MANILA, Philippines—The Villar-led property developer Vista Land & Lifescapes grew its first-semester net profit by 21 percent to P1.7 billion from a year ago on higher revenues booked from residential projects. Read More >> |
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Vista Land H1 profits up 21% August 15, 2011 VILLAR-LED Vista Land & Lifescapes, Inc. realized a 21% hike in its first-half net income to P1.7 billion from yearago levels, the developer said in a disclosure to the local bourse on Monday. Read More >> |
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Sales boost Vista Land earnings August 15, 2011 Strong revenues buoyed the net income of property holding company Vista Land & Lifescapes Inc. in the year's first half. Read More >> |
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Vista Land profits up 21% in H1 August 15, 2011 Villar-led Vista Land Holdings Inc. reported that profit for the first half of the year reached P1.7 billion, up 21 percent from the previous year’s P1.4 billion, as the company booked P6.6 billion in revenues for the period compared with the previous y Read More >> |
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