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
Foreign demand recalibrates in Southeast Asia housing markets
Even amid global headwinds, Southeast Asia’s property markets hold appeal for foreign buyers
Tariffs and turmoil test Singapore homes as suburbs hold firm
Foreign levies, regional wars, and buyer fatigue are putting pressure on the city-state’s housing market
Gulf luxury markets lure global capital amid policy shift
Gulf nations are shaking off a reputation for overt bling to lead a post-pandemic luxury boom
China housing slump deepens as oversupply drags prices
Concerns remain over surplus inventory built by troubled property developers as prices continue to fall across all but a handful of major cities
