City & Land Developers, Incorporated Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 12, 2023 at 07:26 pm EST
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City & Land Developers, Incorporated reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was PHP 2.2 million compared to PHP 1.76 million a year ago. Revenue was PHP 131.65 million compared to PHP 271.05 million a year ago. Net income was PHP 52.57 million compared to PHP 108.66 million a year ago. Basic earnings per share from continuing operations was PHP 0.03 compared to PHP 0.07 a year ago. Diluted earnings per share from continuing operations was PHP 0.03 compared to PHP 0.07 a year ago.
For the nine months, sales was PHP 8.24 million compared to PHP 3.72 million a year ago. Revenue was PHP 422.91 million compared to PHP 1,012.97 million a year ago. Net income was PHP 144.06 million compared to PHP 339.46 million a year ago. Basic earnings per share from continuing operations was PHP 0.09 compared to PHP 0.22 a year ago. Diluted earnings per share from continuing operations was PHP 0.09.
City & Land Developers, Incorporated is a Philippines-based real estate company. The Company is engaged in acquiring and developing suitable land sites for residential, office, commercial, institutional and industrial uses primarily, in accordance with the subdivision, condominium, and cooperative concepts of land-utilization and landownership. The Companyâs projects are located in Metro Manila. Its completed projects include One Taft Residences, North Residences, Manila Residences Bocobo, Grand Emerald Tower and Pacific Regency. The One Taft Residences is a 40-storey mixed residential, office and commercial condominium. The North Residences is a 29-storey commercial and residential condominium is located at EDSA (beside WalterMart) corner Lanutan, Brgy. The Manila Residences Bocobo is a 34-storey commercial, office and residential condominium located along Jorge Bocobo St., Ermita, Manila City. The Grand Emerald Tower is a 39-storey commercial, office and residential condominium.