CLI posts 66% net income hike

CEBU Landmasters Inc. (CLI) ended 2017, six months after it became a listed company, with a record 66 percent increase in net income surpassing the P1.2-billion target.

CLI reported a net income of P1.294 billion last year, with revenues reaching P3.929 billion, another record-setting 66 percent hike from its 2016 earnings of P2.361 billion.

Real estate sales from CLI’s diversified portfolio of housing, offices and hospitality projects, accounted for the company’s performance in 2017.

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