Cebu Landmasters nets P599M


MANILA, Philippines — Property developer Cebu Landmasters Inc. (CLI) posted a 23 percent year-on-year growth in attributable net profit for the first quarter amounting to P599 million, riding on the strong momentum in the Visayas-Mindanao region.


Including earnings attributable to minority interest, CLI saw a 41-percent net profit growth amounting to P702 million for the first three months.


“We have sustained our growth momentum as we continue to be highly effective in the construction and delivery of our projects. It is our commitment to deliver on-time, high quality products to our customers,” CLI president Jose Soberano III said in a press statemen…

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