Vista Land & Lifescapes Inc. said profit last year grew 39 percent to P10.3 billion from the prior year’s P7.41 billion.
Revenues rose 18 percent to P35.2 billion from P29.83 billion.
Real estate revenues hit P15.2 billion, up 19 percent, while rental income amounted to P16 billion.
Manuel Villar Jr., Vista Land chairman, said the company launched 34 projects last year with an estimated project value of P50.7 billion.
“Our 2022 results showed our optimism in the real estate industry. These launches were key to our reservation sales reaching about P72 billion. We are on our way with our maximization of resources strategy as the majority of our launches were vertical developments across the country and we will continue to do so in 2024,” Villar said.
Manuel Paolo Villar, Vista Land chief executive officer, said the company plans to launch more vertical projects, particularly in the higher-income segment of the residential market business.
