City & Land Developers, Incorporated Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 13, 2020 at 05:32 am
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City & Land Developers, Incorporated announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced total revenue was PHP 92.115 million compared to PHP 182.106 million a year ago. Net income was PHP 29.724 million compared to PHP 60.859 million a year ago. For the nine months, total revenue was PHP 230.878 million compared to PHP 488.966 million a year ago. Net income was PHP 70.095 million compared to PHP 135.875 million a year ago. Basic earnings per share from continuing operations was PHP 0.05 compared to PHP 0.09 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 