Cityland Development Corporation reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was PHP 49.02 million compared to PHP 51.02 million a year ago. Revenue was PHP 750.52 million compared to PHP 995.81 million a year ago. Net income was PHP 185.81 million compared to PHP 387.97 million a year ago. Basic earnings per share from continuing operations was PHP 0.04 compared to PHP 0.078 a year ago. Diluted earnings per share from continuing operations was PHP 0.04 compared to PHP 0.078 a year ago.
For the nine months, sales was PHP 162.77 million compared to PHP 138.19 million a year ago. Revenue was PHP 2,467.82 million compared to PHP 2,631.34 million a year ago. Net income was PHP 685.89 million compared to PHP 807.38 million a year ago. Basic earnings per share from continuing operations was PHP 0.14 compared to PHP 0.1561 a year ago. Diluted earnings per share from continuing operations was PHP 0.14 compared to PHP 0.1561 a year ago.