CLI net income soars to record-high P3.17B in 2022, eyes Luzon expansion

by The Manila Times

Apr 17, 2023 12:31 am

LEADING developer in VisMin Cebu Landmasters Inc. (CLI) reported another record year-end performance with a 32-percent growth to P3.171 billion in normalized net income to parent shareholders in 2022. The normalized net income took out a one-time tax adjustment due to the Create Law.

The listed company also registered a double-digit profit growth of 21 percent from its 2021 NIAT of P2.6 billion, even after the adjustment.

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