Established in 1997 with parks initially built in Zamboanga and Iloilo, Forest Lake now has 37 operational memorial parks across Luzon, Visayas and Mindanao.
Forest Lake subsequently demonstrated consistent growth, with significant expansions between 2005 and 2015, doubling its network from 2016 to 2020, and launching eight new parks from 2021 to 2023. To top this off, Forest Lake surpassed P3 billion in sales in 2023.
Holding the fort as frontrunner, Forest Lake's total revenues in 2023 reached P2.47 billion, a 12 percent growth from its 2022 revenues of P2.17 billion, driven by a higher demand for memorial lots, the introduction of new parks, improved collection efficiency, increased development investments, and higher interment service revenues.
This story is from the October 13, 2024 edition of The Philippine Star.
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This story is from the October 13, 2024 edition of The Philippine Star.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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