<\/p>\n
LISTED property developer Cebu Landmasters, Inc.\u2019s (CLI) attributable net income fell 11.5% in the primary quarter to P880.85 million from a yr earlier, because the absence of a one-off gain offset growth in its core residential business.<\/p>\n
In an announcement on Thursday, the corporate said consolidated net income stood at P1.03 billion. Consolidated revenue rose 20% to P6.51 billion, driven mainly by higher real estate sales.<\/p>\n
Revenue from property sales reached P5.8 billion, supported by construction progress in residential developments, which allowed the corporate to acknowledge previously booked sales as revenue under the percentage-of-completion method.<\/p>\n
\u201cOur first-quarter results reflect the strength of our residential engine and the continued progress of our ongoing developments across Visayas and Mindanao,\u201d CLI Senior Executive Vice-President and Chief Operating Officer Jose Franco Soberano said.<\/span><\/p>\n He said the corporate stays focused on disciplined project execution and timely delivery in markets with sustained end-user demand.<\/p>\n CLI said the year-ago figures included a one-off gain of about P900 million from the sale of an investment property. Excluding that gain, the corporate said its latest results reflected continued expansion in its core operations.<\/p>\n Gross income rose 29% to P3.1 billion, while gross margin improved to 51% from 48% a yr earlier.<\/p>\n The corporate also posted growth in recurring income streams in the course of the quarter.<\/p>\n Hotel revenue rose 14% to P119 million, while leasing revenue increased 14% to P60 million. Management fees climbed 19% to P31 million.<\/p>\n \u201cOur recurring income portfolio continues to realize traction as more assets come into operation,\u201d Mr. Soberano said.<\/p>\n He added that the opening of Radisson RED Cebu Mandaue would boost CLI\u2019s hospitality business and complement its residential operations.<\/p>\n The corporate recently launched the hotel as a part of efforts to expand its recurring revenue base.<\/p>\n As of end-2025, CLI\u2019s property-for-sale portfolio covered 107 projects consisting of 46,194 residential units with a complete value of P176 billion.<\/p>\n The corporate said the portfolio was 92% sold.<\/p>\n CLI focuses on developments within the Visayas and Mindanao markets, including residential condominiums, mixed-use projects, offices, hotels and township developments.<\/p>\n CLI shares fell by 0.44% or one centavo to shut at P2.25 each on the local bourse. \u2014 Alexandria Grace C. Magno<\/b><\/p>\n<\/p><\/div>\n <\/p>\n","protected":false},"excerpt":{"rendered":" CEBULANDMASTERS.COM LISTED property developer Cebu Landmasters, Inc.\u2019s (CLI) attributable net income fell 11.5% in the primary quarter to P880.85 million from a yr earlier, because the absence of a one-off gain offset growth in its core residential business. In an announcement on Thursday, the corporate said consolidated net income stood at P1.03 billion. Consolidated revenue […]<\/p>\n","protected":false},"author":1,"featured_media":336078,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[5646,51819,5411,2328,3208,13706],"class_list":["post-336077","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-absence","tag-clis","tag-earnings","tag-fall","tag-gain","tag-oneoff"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/posts\/336077","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/comments?post=336077"}],"version-history":[{"count":2,"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/posts\/336077\/revisions"}],"predecessor-version":[{"id":336080,"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/posts\/336077\/revisions\/336080"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/media\/336078"}],"wp:attachment":[{"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/media?parent=336077"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/categories?post=336077"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ebiztoday.news\/index.php\/wp-json\/wp\/v2\/tags?post=336077"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}