Vista Land profit up by 13% in first quarter

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Vista Land and Lifescapes, Inc. (VLL)’s attributable profit grew by 13% in the first three months of 2018, supported by its residential business alongside the ramp up of the commercial leasing segment.

The Villar-led property developer generated P2.54 billion in net income attributable to equity holders of the parent for the first quarter, higher than the P2.26 billion it booked in the same period a year ago.

“We are pleased to have been able to achieve solid growth over the past years and it should be the same this year as we take advantage of the various synergies that we have unlocked among our businesses,” VLL Chairman Manuel B. Villar was quoted in a statement as saying. — Arra B. Francia