VILLAR-LED integrated property developer Vista Land & Lifescapes Inc. (VLL) saw its net income in the first nine months of 2024 climb 10.2 percent to P9.1 billion, mainly on strong sales from residential projects outside the National Capital Region (NCR) and coupled with higher rental income.
VILLAR-LED integrated property developer Vista Land & Lifescapes Inc. saw its net income in the first nine months of 2024 climb 10.2 percent to P9.1 billion, mainly on strong sales from residential projects outside the National Capital Region and coupled with higher rental income.Consolidated revenues for the period grew 7 percent to P29.1 billion, benefiting from the launch of new projects with a total value of P32.6 billion.Real estate revenues were said to have jumped 12 percent to P13.
Villar, the country's richest individual and a former Senate president, said that establishing Vista Estate projects nationwide had helped VLL's reservation sales to hit P58.4 billion as of end-September.VLL's commercial portfolio currently spans a gross floor area of 1.6 million square meters across 42 malls, 59 commercial centers, and seven office buildings.
Sales Drive Vista Land Profit To P9.1B
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