City & Land Developers, Incorporated Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 04, 2020 at 02:33 am
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City & Land Developers, Incorporated announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced total revenue was PHP 40.435 million compared to PHP 163.090 million a year ago. Net income was PHP 16.332 million compared to PHP 40.504 million a year ago. For the half year, total revenue was PHP 138.763 million compared to PHP 306.860 million a year ago. Net income was PHP 40.370 million compared to PHP 75.016 million a year ago. Basic earnings per share was PHP 0.03 compared to PHP 0.05 a year ago.
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.
CITY & LAND DEVELOPERS, INCORPORATED 
