Cebu Landmasters, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 14, 2022 at 02:18 am EST
Share
Cebu Landmasters, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was PHP 41.19 million compared to PHP 34.55 million a year ago. Revenue was PHP 3,506.85 million compared to PHP 2,524.35 million a year ago. Net income was PHP 649.88 million compared to PHP 535.96 million a year ago. Basic earnings per share from continuing operations was PHP 0.19 compared to PHP 0.24 a year ago. Diluted earnings per share from continuing operations was PHP 0.19.
For the nine months, sales was PHP 109.09 million compared to PHP 72.73 million a year ago. Revenue was PHP 10,963.22 million compared to PHP 7,657.8 million a year ago. Net income was PHP 2,200.38 million compared to PHP 1,853.91 million a year ago. Basic earnings per share from continuing operations was PHP 0.64 compared to PHP 0.85 a year ago. Diluted earnings per share from continuing operations was PHP 0.64.
Cebu Landmasters, Inc. is a Philippines-based residential developer in Visayas and Mindanao. The Company has more than 115 projects in different development stages and has a diverse portfolio of residences, offices, hotels, mixed-use properties and townships across 16 areas in the VisMin region. Its segments include Real Estate, Hotel Operations, Rental and Management Services. The Company's real estate segment covers the development and sale of residential and office units to individual and corporate buyers. Its rental segment includes leasing of office and commercial spaces to corporate organizations. Its management services segment is focused on the management of real estate projects and upkeep services to condominium corporations and housing associations. Its hotel operations segment relates to the management of hotel business operations that caters to hotel guests. Its subsidiaries include CLI Premier Hotels Intâl. Inc. and Cebu Landmasters Property Management, Inc.