All Home, Vista Land seek synergies

Villar-led AllHome Corp. said it continues to capitalize on its “synergistic relationship” with Vista Land & Lifescapes Inc.

In a statement, AllHome said Vista Land’s locations attract other developers to locate nearby, which also translates to the growth of its captive market.

It added that the synergistic relationship with the sister property firm gives AllHome access to a 3,000-hectare landbank for future store expansion.

“Our retail businesses are hinged on our knowledge and deep understanding of the growing families we have living in our communities. This gives us a unique perspective when deciding what to offer and how to sell to our customers,” Vista Land and AllValue Chair Manuel Villar Jr. said in a statement.

AllHome also said its growth is furthered by its growing network of selling channels, which includes its e-commerce website, Viber communities and personal shopper services.

AllHome also has specialized packages exclusive to Vista Land homeowners.

AllHome recorded a 36.5-percent decline in its first half net income to P276 million from P434 million in the same period last year.

Its sales for January to June also shed 4 percent to P4.85 billion from P5.06 billion year-on-year.

The firm said the amount includes sales from its retail selling platforms and sales generated through its corporate accounts.

Shares of AllHome Corp. climbed 6 centavos, or 0.98 percent, to finish at P6.20 apiece on Friday.

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Article originally posted by The Manila Times last September 1, 2020 and written by Faye Almazan.