Araneta Properties, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 16, 2021 at 12:38 am
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Araneta Properties, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced net loss was PHP 7.369 million compared to PHP 10.605 million a year ago. For the half year, net loss was PHP 5.724 million compared to PHP 4.348 million a year ago.
Araneta Properties, Inc. is a Philippines-based real estate development company. The Company is engaged in the acquisition, owning, holding, developing, improving, subdividing, selling, leasing, renting, mortgaging, managing, and dealing in real estate for residential, commercial, industrial, and recreational purposes. The Company is also involved in constructing and developing any real estate or other properties, buildings, hotels, recreation facilities. The Company's property portfolio includes San Jose del Monte, Bulacan Property and ManticaoMisamis 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 ManticaoMisamis 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. Reports Earnings Results for the Second Quarter Ended June 30, 2021
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