Cityland Development Corporation reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was PHP 55.56 million compared to PHP 48.88 million a year ago. Revenue was PHP 790.89 million compared to PHP 928.13 million a year ago. Net income was PHP 250.68 million compared to PHP 325.39 million a year ago. Basic earnings per share from continuing operations was PHP 0.0488 compared to PHP 0.0488 a year ago. Diluted earnings per share from continuing operations was PHP 0.0488 compared to PHP 0.0488 a year ago.
For the six months, sales was PHP 113.75 million compared to PHP 87.17 million a year ago. Revenue was PHP 1,717.3 million compared to PHP 1,635.54 million a year ago. Net income was PHP 453.91 million compared to PHP 419.41 million a year ago. Basic earnings per share from continuing operations was PHP 0.0878 compared to PHP 0.0878 a year ago. Diluted earnings per share from continuing operations was PHP 0.0878 compared to PHP 0.0878 a year ago.