Cebu Landmasters Net Income up 32% 1st half 2023
Cebu Landmasters Growth
CEBU Landmasters Inc. (CLI) has recently made a promising announcement about their strong financial results for the first half of the year. Indeed, the property developer has achieved an impressive 32% increase in consolidated net income, which demonstrates their financial stability.
This remarkable performance can be attributed to the successful uptake of their newly launched projects, proving that CLI is dedicated to providing excellent properties in the Visayas and Mindanao regions. Furthermore, CLI has reported that consolidated revenues for the period rose by a substantial 23%, which reached an astonishing P9.15 billion.
The developer attributes this success to the high construction progress and take-up of new launches, which resulted in record-level reservation sales. We can clearly see that CLI’s commitment to delivering top-quality properties is paying off, as the net income attributable to parent has grown by 9%, reaching an impressive P1.68 billion from P1.55 billion the previous year.
CLI is proud of their outstanding results and is confident that their success will continue to thrive in the future.
Cebu Landmasters Remarkable Year in Revenue
CLI, or Cebu Landmasters Inc., had a truly remarkable year. Despite the challenges brought upon by the pandemic, CLI was able to achieve a phenomenal 41% increase in rental revenues, reaching an impressive P50 million. Adding to this growth was the remarkable 74% increase in hotel operations.
The surge in demand for residential spaces, particularly in the Visayas and Mindanao regions, continues to exceed the available supply, with middle-market and economic segments showing strong interest. CLI is proud to be at the forefront of meeting this need by offering extraordinary spaces that truly cater to their customers’ varied needs.
CLI’s financial and operational discipline has been invaluable in driving further growth. As the CEO of CLI, Jose Soberano III, stated, “CLI remains at the forefront of the action.”
The company is steadfast in its mission to continue to expand, furthering its reach and contributing to the community. CLI is confident about its continued growth, building upon its strength and commitment to delivering superior quality services to its clients.
Cebu Landmasters New Sources of Growth
There is fantastic news from CLI(Cebu Landmasters) – the company had an extraordinary first half of the year! Six projects worth a stunning P13.5 billion were launched.
This impressive feat is evidence that CLI(Cebu Landmasters) is making a significant impact in the real estate industry. Furthermore, it’s apparent that these projects are popular as P10 billion worth of sales had already been made!
The coming months will see equally ambitious undertakings by the company, with pipeline projects like Mindara Residences, East Village, and Velmiro Heights in Davao and Costa Mira Mactan, Consolacion, and Casa Mira in Cebu. It is worth noting that CLI has used P5 billion already and is confident it can achieve its yearly P13-billion spending program.
The company’s focus is on residential development, land acquisitions, and investment properties. Investors are eagerly awaiting CLI’s expansion in Luzon, as potential sites are already under review.
Given CLI’s significant strides, it is no surprise that shares have increased by 0.75%, closing at P2.67 apiece as of Thursday. Everything looks promising for CLI!
FAQs:
Is one of the leading developer in Cebu-speaking region such asVisayas and Mindanao and is engaged in the development of residential, office, hotel, resort, co-living, mixed-use and township projects.
HEADQUARTERS
10th Floor, Park Centrale Tower
J.M. del Mar St., Cebu I.T. Park
Cebu City, Philippines
Tel. Nos. +63 32 231-4870 / 231-4914
Hotline +63 32 254-1254
DAVAO CITY
CLI Sales Office
G/F The Edge Building
Arellano St. corner Quirino Avenue
Tel. No. +63 82 298-8416
Casa Mira LPU Davao Showroom
C.P. Garcia Highway, Buhangin
Davao City, Philippines
BACOLOD CITY
2/F Paseo Verde Building
Lacson St., Mandalagan
Bacolod City, Philippines
Tel. No. +63 34 474-3268
DUMAGUETE CITY
Ground Floor P&C Building
Pinili St., Poblacion 4
Dumaguete City, Philippines
Tel. No. +63 35 523-5828
CAGAYAN DE ORO CITY
2/F, MesaVerte Residences Retail Strip
Osmena Extension
Cagayan de Oro City, Philippines
Tel. No. +63 88 881-0630
ILOILO CITY
General Luna Street
Brgy. Inday, City Proper
Iloilo City, Philippines
Tel. No. (033) 314-7007
TAGBILARAN CITY
Ground Floor, Lite Port Center,
Tagbilaran City, Bohol, Philippines
Mobile +63 917 816 2334 / 038 411 6613
ORMOC CITY
Unit 24 - 25
Aviles Business Center
East Conejos St., Ormoc City, Leyte
Tel. No. (053) 560-9941
SALES & MARKETING
TRUNK LINE NUMBERS
+63 32 231-4870
CAREERS
[email protected]
