Empire East Land Holdings Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2017. For the quarter, the company reported revenues of PHP 1,340,055,000 compared to PHP 1,374,711,000 a year ago. Net profit attributable to parent company's shareholders was PHP 149,139,000 compared to PHP 161,707,000 a year ago.

For the nine months period, the company reported revenues of PHP 4,018,666,000 compared to PHP 4,035,704,000 a year ago. Net profit attributable to parent company's shareholders was PHP 489,712,000 or PHP 0.0334 per basic and diluted share compared to PHP 486,669,000 or PHP 0.0332 per basic and diluted share a year ago. Net cash used in operating activities was PHP 72,455,000 compared to PHP 40,543,000 a year ago. Return on assets was 1.24% compared to 1.29% a year ago. Book value per share as at September 30, 2017 was PHP 1.71.

For the year 2017, the projected capital expenditures (construction and development) of roughly PHP 5.0 billion are expected to be funded by collections, borrowings and equity financing.