Kepwealth Property Phils., Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 13, 2023 at 07:38 am IST
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Kepwealth Property Phils., Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was PHP 11.71 million compared to PHP 13.13 million a year ago. Revenue was PHP 11.71 million compared to PHP 13.13 million a year ago. Net loss was PHP 1.97 million compared to net income of PHP 0.485432 million a year ago. Basic loss per share from continuing operations was PHP 0.01. Diluted loss per share from continuing operations was PHP 0.01.
For the nine months, sales was PHP 36.01 million compared to PHP 38.38 million a year ago. Revenue was PHP 36.01 million compared to PHP 38.38 million a year ago. Net loss was PHP 1.26 million compared to net income of PHP 0.243787 million a year ago. Basic loss per share from continuing operations was PHP 0.01. Diluted loss per share from continuing operations was PHP 0.01.
Kepwealth Property Phils., Inc. is a Philippines-based company. The Company's principal activities are to invest in, purchase, hold, use, sell, assign, transfer, lease, mortgage, exchange, maintain, administer, manage, and operate alone or jointly with others, or otherwise dispose of property or real property, including office, commercial, agricultural, residential properties, hotels, inns, resorts, apartments, or personal property. Its business segments include Leasing, and Asset Management. The Leasing segment is engaged in leasing of condominium units and parking slots in Kepwealth Center located in Cebu Business Park, Cebu City. In addition, the Company owns condominium units and parking spaces on One San Miguel Avenue located at San Miguel Avenue in Ortigas Center, Pasig City. It owns around 77 units with 98 leasable spaces of Kepwealth Center in the Cebu Business Park. The Company serves various industries, such as finance and insurance, audit, and legal counseling.