Cebu Landmasters profit slips in 9 months
MANILA, Philippines — Property developer Cebu Landmasters Inc. (CLI) booked lower net income in the first nine months of the year as revenues dipped amid current market conditions.
CLI’s net income fell by 15 percent to P2.64 billion during the nine-month period, while net income attributable to the parent stood at P1.79 billion.
The company generated revenues of P14.1 billion, down by two percent year-on-year.
Real estate sales accounted for P13.40 billion of total revenues, while hotel, mall and office revenues stood at P593 million.
CLI president and CEO Jose Franco Soberano said CLI’s revenues for the nine-month period reflect the company’s resilient performance.
“While several macroeconomic factors are affecting the industry, CLI’s leadership in the VisMin area gives it a position of strength,” he said.
Driven by end-user demand and the absence of oversupply, Soberano said CLI’s residential inventory is 94 percent sold out across all projects, with a low delinquency rate of three percent.
CLI has launched five new projects for September and October, driven by the OFW and end-user market in Visayas and Mindanao.
“CLI remains positive about its plans for the remainder of the year as we launch four more residential projects, advance project completions and drive further growth across our mall, office and hospitality operations,” Soberano said.
The company’s planned launch of four more residential projects before year-end will be located in key Visayas and Mindanao growth areas – Cagayan de Oro, Butuan and Cebu.
CLI said future launches would be guided by buyer needs and demand in the company’s priority markets.
“We enter our next phase of growth from a position of strength in VisMin. The current economic environment calls for discipline in terms of timing of launches and the types of developments we bring to the market,” Soberano said.
abtestabtest Philippines faces difficult mix of high inflation, sluggish growth — BSP By Alyana Uy | 13 hours ago The Bangko Sentral ng Pilipinas is focusing on the “second-round effects” of global supply shocks and the risk... Business The power of choice By Joe Zaldarriaga | 1 day ago When I joined the power industry in 1989, the main concern was reliable supply. We went through the dark days of long blackouts... Business Avoiding a regress in ProGRESS By Bienvenido Oplas Jr. | 1 day ago Philippine GDP growth deceleration has continued from 5.7 percent in 2024 to 4.4 percent in 2025, 2.8 percent in the first... Business Alternergy lines up P26 billion RE projects By Brix Lelis | 1 day ago Alternergy Holdings Corp. is investing around P26 billion to develop 320 megawatts of renewable energy projects as it seeks... Business Foreign investments rebound 25% in August By Keisha Ta-Asan | 1 day ago Foreign direct investment (FDI) net inflows into the Philippines rebounded by nearly 25 percent in August as foreign investors... Business Latest More in Business Malampaya gas deliveries hit highest mark in 5 years GT Capital earns P23 billion in 9 months ACEN shifts RE strategy, reshuffles leadership Airlines need government relief abtest BSP weighs weak growth as inflation stays elevated By Keisha Ta-Asan | 40 minutes ago The Bangko Sentral ng Pilipinas signaled that it would factor in the sharp slowdown in economic growth when setting... Business Ayala profit weakens on softer cyclical businesses By Richmond Mercurio | 40 minutes ago Softer results from its cyclical businesses weighed on Ayala Corp.’s core earnings in the first nine months, which slipped by six percent to P34.5 billion. Business Angelina Jolie By Lito Villanueva | 40 minutes ago I had the privilege of listening to Angelina Jolie in the afternoon of 11-11 during the culminating session of Mastercard’s... Business PLDT in selling mode, targets P26 billion from tower, share sale By Elijah Felice Rosales | 40 minutes ago Telco giant PLDT Inc. expects to generate P26 billion in fresh capital next year, buoyed by a new round of tower sale... Business Recommended Periko sa China November 10, 2026 - 12:00am Tagsa ra si Bise Presidente Sara Duterte nga mosugyot og sulbad sa mga problema sa nasud. BusinessTRENDING Immigration and a divided Washington November 8, 2026 - 12:00am Imagine waking up after the 2026 midterms to a brand-new political reality: Democrats have flipped both the Senate and the House. President Donald Trump is still in the White House finishing out his second term,...r BusinessTRENDING Wa nay kapilian November 7, 2026 - 12:00am Sa kataposan, sa gusto niya o sa dili, bisan sa ka-feeling hawod, kay kumbinsido nga ang kapin sa 32 milyones ka boto nga nakuha niya niadtong 2022 maoy kinakusgang panagang sa bisan unsang pagsuway pagpalagpot niya...r BusinessSALNS next Recommended Periko sa China Tagsa ra si Bise Presidente Sara Duterte nga mosugyot og sulbad sa mga problema sa nasud. 3 days ago TRENDING Immigration and a divided Washington Imagine waking up after the 2026 midterms to a brand-new political reality: Democrats have flipped both the Senate and the House. President Donald Trump is still in the White House finishing out his second term, but the dynamic in Washington just completely transformed overnight. If there is one issue where you will feel this political tectonic shift instantly, it is U.S. immigration policy. 5 days ago TRENDING Wa nay kapilian Sa kataposan, sa gusto niya o sa dili, bisan sa ka-feeling hawod, kay kumbinsido nga ang kapin sa 32 milyones ka boto nga nakuha niya niadtong 2022 maoy kinakusgang panagang sa bisan unsang pagsuway pagpalagpot niya sa puwesto, mapugos na si Bise Presidente Sara Duterte pagtubag sa mga pasangil batok niya. 6 days ago SALNS OK Are you sure you want to log out? Yes No X Login Philstar.com is one of the most vibrant, opinionated, discerning communities of readers on cyberspace. With your meaningful insights, help shape the stories that can shape the country. Sign up now!
