MANILA, Philippines — Cebu Landmasters Inc. (CLI), a real estate developer in Visayas and Mindanao, has posted a P6.235 billion revenue in the first three months of 2024.
During the annual stockholder’s meeting on Friday, Jose Franco Soberano, the firm’s senior executive vice president, said that the company’s first-quarter revenue in 2024 surged by 31%, reaching P6.235 billion from P4.777 billion last year.
Soberano cr edited CLI’s first-quarter net income growth, rising from P847 million to P978 million, to a 15% year-on-year increase.
CLI’s reservation sales also reached P7.18 billion and are still expected to increase, according to Soberano.
The firm’s newly la unched Casa Mira Homes, meanwhile, posted a sales value of P2.6 billion after a month of market introduction.
Soberano also said that the firm achieved a 93% sell-out status across all its projects in different stages of development.
“This quarter’s notable achievement strongly indicates that we are on track. Our consistently strong sales performance in the preceding years coupled with the significant progress of the construction of our projects are our main contributors to our stellar performance,” CLI chairman and chief-executive-officer Jose Soberano was quoted, as saying in the a separate press release.
The firm also reported that its hotel revenue surged by 37%in the first quarter following the opening of three hotels in Cebu City.
On April 17, CLI announced othat it had garnered over P4.28 billion from its recent follow-on offering of preferred shares.
It also formally listed its Series A-1 and Series A-2 preferred shares in the same month. — Ian Laqui
MANILA, Philippines – Lauren Hoffman fell short from her vow of making the Olympic standard but did just enough to set a second national record in the women’s 400-meter hurdles of the ICTSI Philippine Athletics Championships at the PhilSports Oval in Pasi g Friday.
Hoffman, 25, went for the Paris Games standard of 54.85 seconds but had a misstep in the late stretch and ended up clocking 55.92, which not only copped her the gold medal but also breached the national mark of 56.39 she set a month ago in the Hurricane Collegiate Invitational in Coral Gables, Florida.
It was her second mint and national mark in this five-day meet, which was organized by the Philippine Athletics Track and Field Association and backed by the Philippine Sports Commission and ICTSI and Milo after her triumph in the 100m hurdles Wednesday.
“My legs were a little tired from earlier so I think I didn’t get the time that I wanted but a win is a win and I was able to compete well and I was happy with that,” said Hoffman, who posted the best time in the morning heats.
Also joining the record-breaking spree was Kristina Knott, who clocked 11.2 that eclipsed the wo men’s 1hand time 100m mark of 11.3 submitted by Lerma Bulauitan Gabito in the National Open in Manila 24 years ago.
The former Southeast Asian Games sprint queen was trying to go for the Paris standard of 11.07 as she was racing in the finals at press time.
Battle-scarred Eric Cray likewise tried and missed the Paris standard but still dominated the men’s 400m hurdles in 50.51, way ahead of closest pursuer Connor Henderson, who timed in 54.12.
In the morning events, University of Santo Tomas’ Lanie Carpentero made heads turn after snaring the gold in the women’s javelin throw with a 46.49m over a field that included Evalyn Palabrica of the national team, who settled for the bronze with a 45.29m.
Ng Jing Xuan of Malaysia took the silver with a 45.57 in this event backed by CEL Logistics, Inc., Pocari Sweat, SIP, Wireless Link Technologies, Inc., UAI, Masiv Sports, Victory Liner, AAI Worldwide and Filam Sports.
“Masaya ako dahil hindi ako nag-e-expect manalo dahil nag focus ako sa academics,” said the 23-year-old fourth year Fitness and Sports Management student after coming through with the bes t effort of her life.
Former SEA Games gold winner Sarah Dequinan, now representing Malaybalay, Bukidnon, ruled women’s long jump with a 5.93m to add to her heptathlon conquest the day before where she reasserted her might as the country’s strongest female athlete.
Pasig’s Junel Gobotia reigned supreme in the men’s 3000m steeplechase where he clocked 9:20.06.