Araneta Properties, Inc. Announces Earnings Results for the Quarter and Year to Date Ended September 30, 2018
October 25, 2018 at 02:27 am
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Araneta Properties, Inc. announced earnings results for the quarter and year to date ended September 30, 2018. For the quarter, the company reported gross revenue of PHP 28,331,353 as compared to PHP 42,309,431 for the same period last year. Income before tax was PHP 9,355,573 as compared to PHP 20,555,403 for the same period last year. Net Income after tax was PHP 6,548,901 as compared to PHP 14,504,037 for the same period last year.
For the period, the company reported gross revenue of PHP 57,300,630 as compared to PHP 101,295,318 for the same period last year. Income before tax was PHP 28,359,129 as compared to PHP 29,678,930 for the same period last year. Net Income after tax was PHP 19,851,390 as compared to PHP 20,907,508 for the same period last year. Basic and diluted loss per share was PHP 0.01 as compared to PHP 0.01 for the same period last year.
Araneta Properties, Inc. is a Philippines-based company. The Company is a real estate development company. The primary business of the Company is land and property development, which includes acquiring, developing, and selling properties. The Company operates in one business segment, the real estate. The Company's property portfolio includes San Jose del Monte, Bulacan Property and Manticao Misamis Oriental Property. The San Jose del Monte, Bulacan Property comprises approximately 2,364,082 square meters of prime land, which is located in Barrio Tungkong Mangga, San Jose del Monte, Bulacan. The Manticao Misamis Oriental Property consists of approximately 17.3 hectares of residential land, located along the national highway from Cagayan de Oro City to Iligan City and within the Poblacion of Barrio Patag, Manticao, Misamis Oriental.
ARANETA PROPERTIES, INC. 
