Cebu Landmasters posts strong Q1 2022 growth, revenues up 53%
Leading Visayas-Mindanao developer Cebu Landmasters, Inc. (CLI) reported P3.56 billion in first quarter revenues, 53% higher than the P2.3 billion in the same period in 2021. The strong growth is underpinned by all of its businesses registering stellar performance.
The surge in revenues was driven by real estate sales from a number of projects that have been steadily increasing over the years, the company said in a press statement. These have resulted in greater construction progress and consequently, higher revenue recognition. Construction was in progress due to catch-up measures during the pandemic and is now in full swing in the listed company’s 15 VisMin sites.
Continue reading at mycebu.ph/article/cebu-landmasters-q1-2022/
Recommended
Why everyone is moving to Selangor and Johor: Malaysia’s real estate comeback
Malaysia’s upturn in fortunes is especially prevalent in secondary destinations such as Selangor and Johor
Penang’s silicon boom: How the US-China tech war is supercharging local real estate
Penang’s booming semiconductor industry has created ripples within the local real estate sector
New leader, new opportunities: How Hun Manet is shaking up Cambodia’s real estate game
Hun Manet is overseeing decent economic growth and widening access to the country’s real estate market for foreigners
Singapore embraces inclusive housing reforms amid resilient demand
The Lion City’s regulatory strength continues to exert appeal for international investors
