City & Land Developers, Incorporated Reports Earnings Results for the First Quarter Ended March 31, 2024
May 15, 2024 at 07:12 pm EDT
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City & Land Developers, Incorporated reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was PHP 2.55 million compared to PHP 2.52 million a year ago. Revenue was PHP 98.95 million compared to PHP 141.89 million a year ago.
Net income was PHP 13.08 million compared to PHP 33.18 million a year ago. Basic earnings per share from continuing operations was PHP 0.01 compared to PHP 0.019 a year ago. Diluted earnings per share from continuing operations was PHP 0.01 compared to PHP 0.019 a year ago.
City & Land Developers, Incorporated is a Philippines-based real estate company. The Company is engaged in acquiring and developing suitable land sites for residential, office, commercial, institutional and industrial uses primarily, in accordance with the subdivision, condominium, and cooperative concepts of land-utilization and landownership. The Companyâs projects are located in Metro Manila. Its completed projects include One Taft Residences, North Residences, Manila Residences Bocobo, Grand Emerald Tower and Pacific Regency. The One Taft Residences is a 40-storey mixed residential, office and commercial condominium. The North Residences is a 29-storey commercial and residential condominium is located at EDSA (beside WalterMart) corner Lanutan, Brgy. The Manila Residences Bocobo is a 34-storey commercial, office and residential condominium located along Jorge Bocobo St., Ermita, Manila City. The Grand Emerald Tower is a 39-storey commercial, office and residential condominium.
CITY & LAND DEVELOPERS, INCORPORATED 
