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SunStar
+ April 08, 2021 PROPERTY developer Cebu Landmasters Inc. (CLI) has earmarked P12 billion in capital expenditures (capex) for 2021 to fund the company’s landbank activities and ongoing developments.
The homegrown firm, during its annual stockholders’ meeting on Wednesday, April 7, 2021, said it targets to grow 15 to 20 percent this year as demand for housing in the Visayas and Mindanao area remains on the upside.
CLI said it has a total of 25 projects in the pipeline; 15 of these are P19 billion residential developments that will be launched this year, supplying over 7,500 units to the sustainable housing market.
The capex will also fund the ongoing development of Latitude Corporate Center, which is expected to increase total gross leasable area to more than 28,000 square meters, almost double from 2020.
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.
SunStar Utzurrum: Casa Mira, Int’l Women’s Day
STORIES. Filipino and Fil-Am women writers in the United States share their journeys on International Women’s Day 2021. Moderator is Aileen Cassinetto. Panelists are Cecilia Brainard, Miggs Bravo Dutt, Luisa A. Igloria and Gayle Romasanta.
POOL. Casa Mira South’s swimming pool under construction.
NEW. Casa Mira Homes in Dumaguete City.
+ March 17, 2021 It’s the first time that the Philippine Embassy in Washington D.C. marked International Women’s Day last March 8, with a virtual program entitled “A Panel Discussion with Filipino and Fil-Am Women Writers” featuring Cecilia Manguerra Brainard, Luisa A. Igloria, Migs Bravo Dutt and Gayle Romasanta.