Cebu Landmasters reports 15% Q1 net income increase to P978M, plans Luzon expansion and P14.5B capex for 2021.
Cebu Landmasters, a Visayas-Mindanao property developer, reported a 15% increase in Q1 net income to P978M, with revenues up 31% to P6.26B. The company plans to expand in Luzon, exploring Cavite for potential development, and is set to launch a project in Naga City. CLI has earmarked P14.5B for capex this year and aims to expand its presence in Metro Manila via partnerships.
May 12, 2024
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