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Property developer Cebu Landmasters Inc. said Wednesday it booked a net income of P4.64 billion in 2023, up 29 percent year-on-year on the back of solid revenues.
Real estate sales rose 20 percent to P18.5 billion, driven by higher collections and steady construction progress.CLI launched 10 new projects with a total sales value of P 18.7 billion and offering 4,249 units in 2023.The group’s recurring income business particularly hotel operations and leasing registered double-digit growth in sales. Hotel operations grew 66 percent to P139 million, while leasing went up by 42 percent to P112 million.
These dividends will be distributed to shareholders on record as of April 17, with payments scheduled on May 3, 2024.
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