City & Land Developers, Incorporated reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was PHP 2.52 million compared to PHP 0.952635 million a year ago. Revenue was PHP 141.89 million compared to PHP 308.52 million a year ago.

Net income was PHP 33.18 million compared to PHP 85.61 million a year ago. Basic earnings per share from continuing operations was PHP 0.019 compared to PHP 0.0544 a year ago. Diluted earnings per share from continuing operations was PHP 0.019 compared to PHP 0.0544 a year ago.