CLI, Archdiocese of Cebu break ground for mixed-use development bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.
April 8, 2021 | 12:05 am Font Size
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CEBU Landmasters, Inc. (CLI) reported a net income attributable to the parent firm of P1.85 billion, or down by 8%, which the listed real estate developer said was within its profit guidance for 2020.
“[The company immediately deployed] catch-up measures shortly after the relaxation of lockdowns triggered by the pandemic in the first half of 2020,” CLI Chairman and Chief Executive Officer Jose R. Soberano III said in a statement on Wednesday.
The company said the single-digit profit decline was due to its “market-leading VisMin (Visayas-Mindanao) advantage and sustained demand [across residential] product line.”
Consolidated revenues for the year amounted to P8.3 billion, inching down by 2.4% from P8.5 billion. Meanwhile, revenues for the fourth quarter went up by 18% to P2.59 billion from P2.2 billion in the previous quarter.
Cebu Landmasters enters dormitory business bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.
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March 5, 2021 | 6:18 pm
Cebu Landmasters, Inc. (CLI) is expanding its economic housing brand to four more cities in the Visayas and Mindanao, after seeing a spike in demand amid the pandemic.
The listed real estate developer told the stock exchange it is launching a Casa Mira community in Dumaguete this month. Casa Mira communities will also be built in Ormoc, Puerto Princesa, and Davao City within the year.
“Many new residential seekers met that need by purchasing Casa Mira homes. As demand in other parts of the region continues to be largely unmet, we’ve made it our mission to roll out more Casa Mira projects in more VisMin cities to fill that gap,” CLI chief executive officer Jose R. Soberano III said in a statement on Friday.
CLI to develop P4-B skyscraper in Cebu City bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.