Vista Land & Lifescapes, Inc reports core net income of P2.6B for 2009
Property developer Vista Land & Lifescapes, Inc., in its disclosure to the Philippine Stock Exchange, reported that its audited financial core net income for 2009 amounted to P2.6 billion.
It also reported that its recorded revenue from real estate sales of P9.6 billion in 2009.
“2009, as expected, was a tough year, but in spite of a very challenging market environment, we were able to achieve our financial targets. The company’s strategy was to continue to focus on the affordable and low-end market segments, resulting in particularly strong growth from Camella Homes and Communities Philippines,” Vista Land senior vice president for finance Ricardo B. Tan, Jr. said.
Vista Land is the holding company of five business units, Brittany, Crown Asia, Camella Homes, Communities Philippines and Vista Residences. Read more…
Categories: Investment News, Philippine Real Estate, Real Estate Investment Tags: Inc, Vista Land & Lifescapes
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