Araneta Properties, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 17, 2020 at 05:15 am IST
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Araneta Properties, Inc. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced operating loss was PHP 10.262 million compared to PHP 9.954 million a year ago. Net loss was PHP 9.682 million compared to PHP 6.283 million a year ago. Basic loss per share was PHP 0.00496 compared to PHP 0.00322 a year ago. For the half year, operating loss was PHP 8.000 million compared to PHP 21.211 million a year ago. Net loss was PHP 4.348 million compared to PHP 14.242 million a year ago. Basic loss per share was PHP 0.00223 compared to PHP 0.0073 a year ago.
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. 
