Araneta Properties Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2019
October 31, 2019 at 05:50 am IST
Share
Araneta Properties Inc. announced earnings results for the third quarter ended September 30, 2019. For the third quarter, the company announced operating loss was PHP 1.806 million compared to operating Income of PHP 3.136 million a year ago. Net loss was PHP 99,474.94 compared to net income of PHP 4.543 million a year ago. Basic loss per share was PHP 0.00005 compared to basic earnings per share of PHP 0.00233 a year ago. For the nine months, operating loss was PHP 31.739 million compared to PHP 10.584 million a year ago. Net loss was PHP 26.063 million compared to net income of PHP 19.851 million a year ago. Basic loss per share was PHP 0.01336 compared to basic earnings per share of PHP 0.01017 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. 
