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.