Vista Land & Lifescapes Inc., one of the country’s leading integrated property developers and the largest homebuilder, reported an 83 percent surge in net income to P5.8 billion for the first semester of 2023 from the P3.18 billion earned in the same period last year.
“Our overall strategy for the group remains to be maximizing our land to its best use,” Villar noted. The company also recognized a gain from the proceeds of insurance amounting to P1.8 billion. Core net income is at P4.2 billion for the period.“We continue to deliver improvements in our residential business while our leasing business sustained its growth momentum for the period,” said Vista Land President and CEO Manuel Paolo A. Villar.
Source: News Formal (newsformal.com)
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