Lengthy affirmed because the Philippines’ main memorial park developer, Forest Lake continues to uphold its dedication to compassionate care, progressive providers, and customer-centric core values — elements that, to this present day, assist the trade pioneer maintain its place within the deathcare trade.
Established in 1997 with parks initially inbuilt Zamboanga and Iloilo, Forest Lake now has 37 operational memorial parks throughout Luzon, Visayas, and Mindanao.
Forest Lake subsequently demonstrated constant development, with important expansions between 2005 and 2015, doubling its community from 2016 to 2020, and launching eight new parks from 2021 to 2023. To prime this off, Forest Lake surpassed Php 3 billion in gross sales in 2023.
Devoted to creating “A Higher Place” for households to honor and have fun the lives of their family members, Forest Lake continues to develop and set an instance for property builders within the nation.
Holding the fort as front-runner, Forest Lake’s whole revenues in 2023 reached Php 2.47 billion, surpassing its 2022 revenues of Php 2.17 billion (signifying a 12% enhance), pushed by the next demand for memorial heaps, the introduction of recent parks, improved assortment effectivity, elevated growth investments, and better interment service revenues.
Gross sales revenues have been bolstered by an 18.2% enhance, rising from Php 1.73 billion to Php 2.04 billion, whereas interment revenues grew by 11%, from Php 190 million to Php 210 million.
remembrance.
Likewise, web earnings earlier than tax elevated by 15% (from Php 527.8 million in 2022 to Php 607.2 million in 2023), with an EBITDA enhance from Php 608 million in 2022 to Php 733.3 million in 2023, driving profitability upwards, from 28% to 30%.
Moreover, the corporate’s belongings noticed a 20% enhance, together with a 51% rise in money reserves and a 31% enhance in gross sales receivables. Whole fairness additionally grew by 18%, supported by a 48% rise in issued capital inventory and a 25% enhance in unappropriated retained earnings.
serene and breathtaking backdrop for reflection.
“Now we have our core values to thank for our stature within the trade: Personalised Service, Worth Creation, Teamwork, Innovation and Creativity, and Professionalism,” says Alfred Xerez-Burgos III, President and CEO of Forest Lake Improvement Inc. “These values have all the time guided us in every part we do and have led us to offer the perfect form of care to the households we serve.”
For nearly three a long time, Forest Lake has set its “eyes on the prize,” with its mission of “providing accessible and inexpensive memorial parks and providers, managed by an expert staff that’s devoted to offering worth, innovation, and customized service.” In the meantime, its imaginative and prescient is “to construct a greater place the place generations of household recollections are treasured, immortalized, and celebrated by the dwelling.”
With these guiding rules, Forest Lake continues to broaden its providers and meet the evolving wants of its prospects. It now presents a complete array of services and products designed to offer an entire memorial expertise. Garden Heaps can be found in normal, premium, and particular premium choices, with costs starting from Php 50,000 to Php 250,000. Property Heaps, designed for above-ground interment, are priced between Php 720,000 and Php 3 million per block.
Forest Lake additionally presents a full vary of interment and funeral providers, together with burial setup, funeral preparations and preparation, all making certain a seamless expertise for memorial lot patrons. Forest Lake’s “Libing Wherever” function even offers prospects the flexibleness of utilizing memorial heaps at any Forest Lake park nationwide, whereas the “Libre Burol” function grants free funeral providers with every interment.
In October 2015, Forest Lake Biñan grew to become the primary of Forest Lake’s parks to supply chapel providers. At the moment, chapels are below building in Iloilo, set for completion this yr. These providers embody physique retrieval, preparation, casketing, use of a hearse, and a viewing chapel — all aiming to offer whole memorial care.
Forest Lake’s parks are designed with comfort and aesthetics in thoughts, that includes well-manicured lawns, rock gardens, and Mediterranean-inspired gates and guardhouses. Different facilities embody well-maintained restrooms, excessive concrete perimeter and safety partitions, water sprinkler methods, drainage services, avenue and park lighting, and 24-hour safety.
“Our a few years of dedication to innovation and buyer satisfaction made us the trade chief that we’re in the present day,” provides Xerez-Burgos III. “We guarantee our current and future prospects that we are going to proceed this legacy and supply them the very best normal of care.”
As Forest Lake celebrates its stature within the trade, it invitations everybody to attach and keep up to date via Fb and Instagram at @forestlakememorialparks.
For over 27 years, Forest Lake has established itself as a pacesetter in offering thoughtfully designed, family-friendly memorial parks all through Luzon, Visayas, and Mindanao. These parks are greater than locations of remembrance; they’re vibrant areas the place households collect, join, and have fun their family members’ recollections.
Because the foremost memorial park developer within the Philippines, with over 37 parks nationwide, Forest Lake is dedicated to increasing its choices to incorporate whole memorial care providers comparable to chapels, columbariums, and cremation. This growth underscores the corporate’s dedication to assembly the evolving wants of Filipino households.
Guided by its mission to create “A Higher Place,” Forest Lake upholds values of innovation, creativity, teamwork, customized service, worth creation, and professionalism. The corporate integrates cutting-edge know-how to boost service supply and foster a seamless, customized expertise for each consumer. Forest Lake’s collaborative method ensures that every park is a testomony to considerate design {and professional} excellence, providing important worth to each shoppers and traders via low-risk, high-yield alternatives.
Forest Lake Memorial Parks is headquartered on the third flooring of Alexcy One Constructing, 51 President’s Avenue, 1718, Parañaque Metropolis. For extra data, e-mail information@forestlakeparks.com or go to forestlakeparks.com. Observe Forest Lake on Fb @ForestLakeMemorialParks and Instagram @forestlakememorialparks.
Be part of Forest Lake in its imaginative and prescient to offer areas the place the recollections of family members are celebrated and immortalized, and the place households can create new, lasting recollections collectively.
Highlight is BusinessWorld’s sponsored part that permits advertisers to amplify their model and join with BusinessWorld’s viewers by publishing their tales on the BusinessWorld Web page. For extra data, ship an e-mail to on-line@bworldonline.com.
Be part of us on Viber at https://bit.ly/3hv6bLA to get extra updates and subscribe to BusinessWorld’s titles and get unique content material via www.bworld-x.com.
