Cebu Landmasters, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 14, 2023 at 02:32 am EST
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Cebu Landmasters, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was PHP 68.83 million compared to PHP 41.19 million a year ago. Net income was PHP 709.11 million compared to PHP 649.88 million a year ago. Basic earnings per share from continuing operations was PHP 0.2 compared to PHP 0.19 a year ago. Diluted earnings per share from continuing operations was PHP 0.2 compared to PHP 0.19 a year ago.
For the nine months, sales was PHP 175.49 million compared to PHP 109.09 million a year ago. Net income was PHP 2,391.78 million compared to PHP 2,200.38 million a year ago. Basic earnings per share from continuing operations was PHP 0.69 compared to PHP 0.64 a year ago. Diluted earnings per share from continuing operations was PHP 0.69 compared to PHP 0.64 a year ago.
Cebu Landmasters, Inc. is a Philippines-based residential developer in Visayas and Mindanao. The Company has more than 115 projects in different development stages and has a diverse portfolio of residences, offices, hotels, mixed-use properties and townships across 16 areas in the VisMin region. Its segments include Real Estate, Hotel Operations, Rental and Management Services. The Company's real estate segment covers the development and sale of residential and office units to individual and corporate buyers. Its rental segment includes leasing of office and commercial spaces to corporate organizations. Its management services segment is focused on the management of real estate projects and upkeep services to condominium corporations and housing associations. Its hotel operations segment relates to the management of hotel business operations that caters to hotel guests. Its subsidiaries include CLI Premier Hotels Intâl. Inc. and Cebu Landmasters Property Management, Inc.
CEBU LANDMASTERS, INC. 
