Vista Land & Lifescapes Inc. reported a 25 percent increase in the company’s net income for the first half of 2012 to P2.19 billion compared to P1.74 billion during the first half of last year, a press release from the firm said.

The earnings jump came on the back of revenue growth of 22 percent.

Revenues were P8.1 billion for the first half of 2012 compared to the P6.6 billion realized during the first half of 2011. Sales also remained strong, registering 47 percent growth to P20.0 billion.

The company expects full year sales to hit record levels of about P40 billion, the press release said.

Vista Land is the holding company of five business units – Brittany, Crown Asia, Camella Homes, Communities Philippines and its condominium development subsidiary, Vista Residences, it added.

The company’s total consolidated assets as of June 2012 was P73.2 billion. Capital expenditures for 2012 are expected to reach P15.2 billion.

Vista Land is recognized for its themed and master-planned communities that offer quality housing across all market segments, the press release said.

Its stock has also risen by about 50 percent in 2012 and has been rated a “buy” by numerous analysts from international brokerage houses.

The company was recently voted among the Best in the Philippines (Mid-Cap and Investor Relations categories) in a regional survey of analysts and investors conducted by Hong Kong-based FinanceAsia Magazine, the press release said.*

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