Vista Land profit up 5%

Vista Land & Lifescapes Inc., of richest Filipino Manuel B. Villar Jr., posted a five-percent improvement in net income to P3.4 billion in the first quarter of 2025 from P3.23 billion in the same period last year, due to higher sales and leasing income combined with lower expenses.

- By JAMES A. LOYOLA

In its financial report to the Philippine Stock Exchange (PSE), the country’s largest homebuilder said revenue from real estate sales grew five percent to P5.85 billion in the first quarter this year from P5.56 billion in the comparative period of 2024.

“This was primarily attributable to the increase in the overall completion rate of sold inventories of some of its business units as well as the recognition of the significant financing component for the period,” Vista Land said.