City & Land Developers, Incorporated Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 11, 2022 at 04:27 am
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City & Land Developers, Incorporated reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was PHP 1 million compared to PHP 0.891647 million a year ago. Revenue was PHP 433.39 million compared to PHP 98.2 million a year ago. Net income was PHP 145.2 million compared to PHP 33.05 million a year ago. Basic earnings per share from continuing operations was PHP 0.0907 compared to PHP 0.0181 a year ago. Diluted earnings per share from continuing operations was PHP 0.0907 compared to PHP 0.0181 a year ago.
For the six months, sales was PHP 1.96 million compared to PHP 2.33 million a year ago. Revenue was PHP 741.91 million compared to PHP 248.77 million a year ago. Net income was PHP 230.8 million compared to PHP 60.19 million a year ago. Basic earnings per share from continuing operations was PHP 0.1451 compared to PHP 0.0363 a year ago. Diluted earnings per share from continuing operations was PHP 0.1451 compared to PHP 0.0363 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 
