City & Land Developers, Incorporated reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was PHP 3.52 million compared to PHP 1 million a year ago. Revenue was PHP 147.21 million compared to PHP 433.39 million a year ago. Net income was PHP 56.72 million compared to PHP 145.2 million a year ago. Basic earnings per share from continuing operations was PHP 0.0381 compared to PHP 0.0952 a year ago. Diluted earnings per share from continuing operations was PHP 0.0381 compared to PHP 0.0952 a year ago.
For the six months, sales was PHP 6.04 million compared to PHP 1.96 million a year ago. Revenue was PHP 289.1 million compared to PHP 741.91 million a year ago. Net income was PHP 89.91 million compared to PHP 230.8 million a year ago. Basic earnings per share from continuing operations was PHP 0.0571 compared to PHP 0.1429 a year ago. Diluted earnings per share from continuing operations was PHP 0.0571 compared to PHP 0.1429 a year ago.