Homebuilder Vista Land & Lifescapes Inc. said Monday it posed a net income of P2.7 billion in the first quarter, up 16 percent from the same period last year amid aggressive project launches.
Vista Land said in a statement consolidated revenues climbed 8 percent in the first quarter to P9.2 billion from a year earlier.
Vista Land launched P10.4 billion worth of projects across the country in the three-month period as demand for housing projects remains strong.
“We are pleased with our performance for the first quarter of the year due to our efficiencies and higher margin for the period. Our project pipeline has been robust coming from last year’s P40.4 billion project launch and another P10.4 billion for the first quarter of 2023,” Vista Land chairman Manuel Villar Jr. said.
“We are looking at launching more projects this year as we have seen sustained growth from our overseas Filipinos as well as domestic buyers which brought about the 11-percent increase in reservations sales to P18.6 billion for the quarter,” he said.
