Cebu Landmasters gives bullish 2018 earnings guidance
Soberano-led Cebu Landmasters Inc. sees its net earnings growing 42 percent next year to P1.7 billion on the back of strong real estate sales.
Revenues, meanwhile, are projected to jump two-thirds to P5.3 billion on strong demand for housing projects.
The company is set to launch 20 new projects, which include residential subdivisions and condominiums, offices, industrial park, hotel and a central business district in Cebu, Bacolod, Iloilo, Davao and Cagayan de Oro.
It has 46 projects under construction.
By 2020, CLI is targeting a net income of P3.5 billion on revenues of P10 billion.