Empire East Land Holdings, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2019
November 13, 2019 at 06:45 am
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Empire East Land Holdings, Inc. announced earnings results for the third quarter ended September 30, 2019. For the third quarter, the company announced total revenue was PHP 1,086.594 million compared to PHP 859.252 million a year ago. Net income was PHP 4.045 million compared to net loss of PHP 6.857 million a year ago. For the nine months, total revenue was PHP 3,469.301 million compared to PHP 3,210.210 million a year ago. Net income was PHP 388.099 million compared to PHP 354.922 million a year ago. Basic earnings per share was PHP 0.0264 compared to PHP 0.0242 a year ago.
Empire East Land Holdings, Inc. is engaged in the development and marketing of housing projects in the form of condominium communities, subdivision lots and house and lot packages, and commercial units to a limited extent. It operates through two segments: High Rise Projects and Horizontal Projects. High Rise Projects segment refers to condominiums and other medium-scale properties. The Horizontal Projects segment refers to house and lot packages and subdivision lots. The Company also leases out commercial and industrial properties. Its products are mid-to high-rise condominium towers within metro manila up to single-detached homes and house-and-lot packages in progressive suburban areas. Its completed projects include Laguna Bel Air, California Garden Square, The Cambridge Village, The Xavier Hills, Greenhills Garden Square, San Francisco Gardens, Little Baguio Gardens, Gilmore Heights, Governor's Place and Kingswood Makati, San Lorenzo Place, Little Baguio Terraces and The Sonoma.
EMPIRE EAST LAND HOLDINGS, INC. 
