Manila, May 28 -- Vista Land & Lifescapes, Inc., one of the country's leading integrated property developers, generated a net income of PHP11.6 billion in 2019, up by 10 percent from PHP10.5 billion the previous year, driven by the strong performance of its commercial assets and sustained contribution from its residential business.
Consolidated revenues grew 7 percent to PHP44.4 billion from PHP41.5 billion last year.
Leasing income posted an increase of 20 percent to PHP8.5 billion, while revenues from real estate rose by 3 percent to PHP32.8 billion.
"We are pleased with the company's 2019 performance as both our leasing and residential businesses provided steady growth," Vista Land Chairman Manuel B. Villar, Jr. said in a statement Th...