Cebu Landmasters Inc. estimates its net income to beat the 1.2 billion-Philippine-peso target by 2017-end after it hiked its net income after tax for the first half by 164% year over year to 634 million pesos.

The company's revenue during the six-month period amounted to roughly 1.81 billion pesos, surging 107% year over year following its debut on the Philippine Stock Exchange June 2.

As of Aug. 9, US$1 was equivalent to 50.68 Philippine pesos.