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
6 award-winning projects bringing resort living to the city
Resort residences are increasingly focused on year-round use in urban destinations
How China became the testing ground for Zaha Hadid Architects’ boldest ideas
A conversation with associate director Shao-wei Huang on architecture without precedent
Allan Zeman on Phuket’s luxury evolution and the vision behind Sudara
The real estate legend is harnessing his deep knowledge to take the residential sector in Phuket to new heights
6 projects proving affordable housing can be done right
A new generation of developers proving that affordability and quality design can build a fairer urban future
