Altus Property Ventures, Inc. Announces Earnings Results for the Quarter Ended March 31, 2021
May 10, 2021 at 01:10 am
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Altus Property Ventures, Inc. announced earnings results for quarter ended March 31, 2021. For the quarter, the company reported gross revenue of PHP 27,427,902 compared to PHP 41,310,311 a year ago. Net income after tax was PHP 14,411,455 or PHP 0.14 per basic share compared to PHP 14,841,523 or PHP 0.15 per basic share a year ago.
Altus Property Ventures, Inc. is a Philippines-based real estate company. The Companyâs primary purpose is to engage in the business of selling, acquiring, building, constructing, developing, leasing, and disposing of real estate properties and property development of all kinds and nature. The Company owns and operates the North Wing of a mall, referred to as Robinsons Place Ilocos, located within the compound of Valdez Center along the National Highway, Barangay 1, San Francisco, Municipality of San Nicolas, Province of Ilocos Norte. Robinsons Place Ilocos is situated inside Valdez Center. The center serves as a lifestyle center in Ilocos Norte. The area is characterized by a mixture of commercial and mid-rise residential developments. The mall has a two- level building which houses a department store, a supermarket, and an appliance store. It has a hardware store, a toy store and arcade, and a food court. The Companyâs leasing business segment caters to individuals and corporates.
ALTUS PROPERTY VENTURES, INC. 
