MANILA -- Vista Land & Lifescapes, Inc., one of the country’s leading integrated property developers, posted a 12-percent growth in net income for the first nine months of 2019 to PHP9.1 billion from PHP8.1 billion in the same period last year. Consolidated revenues also increased year-on-year by 9 percent to PHP34.4 billion, while leasing revenues for the period rose by 13 percent to PHP5.8 billion. “We are well-poised to achieve another record year this 2019 as Vista Land continues to deliver solid performance both from our leasing and residential businesses,” Vista Land Chairman Manuel Villar Jr. said in a statement. The company’s total consolidated assets as of September 30, 2019 stood at PHP268 billion compared to PHP238.3 billion in December of last year. Vista Land intends to focus on the development of “communicities”, an integrated urban development combining lifestyle retail, prime office space, university town, healthcare, themed residential developments, and leisure components.

Source: Manila Times November 10, 2019 08:45 UTC