Aug 13, 2024 / 02:00AM GMT
Jose Soberano - Cebu Landmasters Inc - Chairman of the Board, President, Chief Executive Officer
(audio in progress)
And of course, I'm here with our CFO, Grant Cheng, the hardest worker here aside from me. So we're very pleased to be reporting strong results to you, our shareholders and to our analysts viewing. We are reporting double-digit growth in earnings to parent.
Parent NIAT surged 24%, soaring to PHP1.7 billion from the adjusted PHP1.37 billion in the first half of 2023, reflecting alignment with the updated IFRS. Secondly, robust topline growth across all segments -- consolidated revenue surged PHP11.31 billion from PHP9.15 billion in the first half of 2023, marking a 24% growth. Thirdly, strong sales take-up backed by sustained solid housing demand in VisMin, sustainable housing demand in VisMin indicated by 94% sell-out status across different stages of development and 10% increase in reservation sales for the period. When we say 94% sold, this 94% sold of newly launched under construction and completed projects. So a very, very strong indicator and I would believe, industry
Q2 2024 Cebu Landmasters Inc Earnings Call Transcript
Aug 13, 2024
Already have an account? Log in
Get the full story
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent 
4.6 out of 5 
Trustpilot
Trustpilot
Survey
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
Follow Us
Disclaimers