March 21, 2013
Vista Land & Lifescapes, Inc., the country’s largest homebuilder, released its audited financial results for 2012, posting a net income of PHP4.4 billion – the highest achieved in the company’s history. The company said that its earnings performance for 2012 exceeded its expectations for the year. In a disclosure to the Philippine Stock Exchange (PSE), the company stated that its revenues from real estate sales hit a record P16.3 billion in 2012.
“We are very pleased to report that we have once again exceeded our targets for the year,” said Manuel Paolo Villar, Vista Land’s Chief Executive Officer. “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”, he added. Vista Land is the holding company of five business units, Brittany, Crown Asia, Camella Homes, Communities Philippines, and Vista Residences.
The company’s total consolidated assets as of year-end 2012 totaled P74.3 billion compared to the 2011 year-end level of P67.6 billion.
Ricardo B. Tan, Jr, Vista Land’s Chief Financial Officer, reported that the company expects continued strong performance in 2013. “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”.
The company’s CEO also stated that significant progress is being made in its flagship projects, such as Evia in Las Pinas and Crosswinds in Tagaytay. “Apart from the numerous residential subdivisions we have built in Evia, you will see many commercial establishments sprouting up there shortly.“ said Mr. Villar. “Rustan’s supermarket is already there, as well as McDonald’s, and Starbucks will be open this year.” “In Crosswinds, the first phase of the commercial Alpine Village is under construction and is expected to be completed this year”, he added.
Vista Land continues to be optimistic about the property industry’s prospects for 2013 and beyond. With a strategically located land bank of 1,962 hectares nationwide, Vista Land is well positioned to take advantage of continued growth in the housing sector. ”Camella” is widely considered to be the number one housing brand in the Philippines and has grown in popularity over the years as the company has broadened its presence to 63 cities and municipalities nationwide.
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Vista Land market value exceeds US 1 billion November 15, 2012 Vista Land & Lifescapes, Inc., the country’s largest homebuilder, recently broke the US billion mark in terms of market capitalization. The company reported record sales for the first nine months of 2012. Sales for the 3rd quarter reached over PHP10 Read More >> |
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Vista Land reports 25% jump in net income; sales hit record levels August 15, 2012 Vista Land & Lifescapes, Inc., the country’s largest homebuilder, reported a 25% increase in the company’s net income for the first half of 2012 to P2.19 billion compared to P1.74 billion during the first half of last year. The earnings jump came on t Read More >> |
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Vista Land first quarter net income up 22% to PHP1.060 billion May 15, 2012 Vista Land & Lifescapes, Inc., the country’s largest homebuilder, announced that the company’s net income for the first quarter of this year compared to the first quarter of 2011 rose by 22% to P1.060 billion from P873 million. Revenues exceeded PHP4 Read More >> |
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Vista Land successfully raises PHP 4.5 Billion via domestic fixed-rate unsecured corporate notes April 23, 2012 Vista Land and Lifescapes, the country's largest homebuilder, has successfully raised PHP4.5 billion pesos through the issuance of unsecured domestic corporate notes. Read More >> |
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Vista Land reports record P3.5B earnings and P30.5B in reservation sales for 2011 April 11, 2012 Vista Land & Lifescapes, Inc., the country’s largest homebuilder, released its audited financial results for 2011, posting a net income of P3.53 billion compared to P3.01 billion in 2010. The company disclosed that 2011 was a record year in terms of rev Read More >> |
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