PSE Market Summary:
The Philippine Stocks Market is up by 53.36 or .83% to close at 6,472.98. Total trades recorded were 27,797 with 103 stocks advances, 50 declines and 51 stocks unchanged.
VLL Posts P4.4B Net Income
Vista Land & Landscapes (PSE:VLL) posted net income of P4.4 billion on top of strong market demand for low cost housing. Its totla revenues hit P16.3 billion.
FLI Net INcome Up 17%
Filinvest Land Ic. (PSE:FLI) reported net income of P3.431 billion , up 17% from P2.94 billion posted in 2011. The rowth was mainly due to increase in real estate sales and rental income.