Vista Land’s H1 net profit up 10% to P3.1B
August 13, 2015

VILLAR-led property developer Vista Land & Lifescapes Inc. (VLL) grew first-semester net profit by 10 percent year-on-year to P3.1 billion as its residential development business continued to expand at a double-digit pace.

VLL’s revenues expanded by 10 percent year-on-year in the first six months to P12.2 billion. As an indicator of future revenue growth, reservation sales grew by 9.5 percent year-on-year to P28.3 billion as of end-June.

“We’re on pace with our target,” VLL president and chief executive officer Manuel Paolo Villar said in a press briefing Wednesday night.

For the second semester, Villar said: “It’s reasonably to think we can do the same pace or even better,” adding that the opening of the new tollroad MCX (Muntinlupa-Cavite Expressway) – formerly known as the Daang Hari tollroad – was very beneficial to the group’s Vista City development.

The P50-billion Vista City project, one of VLL’s master-planned estates, is envisioned to become the most expansive business district south of Metro Manila. It has a direct access to the South Luzon Expressway via MCX.

In the first semester, VLL’s gross margins were stable at 50.69 percent compared to 50.65 percent in the previous year.

By revenue mix, low-cost and affordable housing brand Camella still accounted for the biggest bulk of VLL’s revenues at 73 percent. Of these, Community Philippines – the unit that markets Camella housing outside Metro Manila – accounted for 49 percent of total revenues in the first semester, rising from 45 percent in the previous year.

High-rise residential development arm Vista Residences doubled its revenue contribution to 14 percent from 7 percent in the previous year as more revenues were recognized from vertical projects in Quezon City, Makati and University Belt in Manila.

Moving forward, Villar said VLL would continue to be “selective” with vertical residential projects while it would continue to expand its nationwide footprint.

Other brands under the group are Crown Asia and Brittany which respectively contributed 8 percent and 5 percent of total revenues in the first semester.

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March 17, 2016
Vista Land & Lifescapes, Inc., one of the country’s leading integrated property developers, released its full year 2015 results, posting a net income growth of 14% to P7.2 billion, including Starmalls’ net income for the year, which became a subsidiar

Vista Land H1 profit up 10% to P3.1B
August 13, 2015
Vista Land & Lifescapes, Inc., the country’s largest homebuilder, reported a 10 percent hike in net income to P3.1 billion for the first semester of 2015 on strong demand for housing.

Vista Land to buy back USD450M Notes
June 03, 2015
Vista Land & Lifescapes Inc., the country’s largest homebuilder, is making a tender offer for US0 million worth of guaranteed notes due in 2018 and 2019.

Vista Land eyes early debt buyback
June 02, 2015
A UNIT of Vista Land & Lifescapes, Inc. seeks to buy back debt worth a combined 0 million ahead of maturity, the listed homebuilder told the Philippine Stock Exchange yesterday.

Vista Land profit up 10.3% to P1.6B in Q1
May 16, 2015
Villar-led property developer Vista Land and Lifescapes Inc. is spending P25.1 billion this year for new expansion projects in a bid to sustain double-digit revenue and profit growth until yearend.

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