Altus Property Ventures, Inc. Announces Earnings Results for the Full Year Ending December 31, 2020
April 13, 2021 at 07:29 pm EDT
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Altus Property Ventures, Inc. announced earnings results for the full year ending December 31, 2020. For the period, the company reported gross revenue of PHP 69,979,579 compared to PHP 133,965,359 a year ago. Net income after tax was PHP 21,956,769 compared to PHP 64,484,592 a year ago. Basic and diluted earnings per share was PHP 0.22 compared to PHP 0.64 a year ago.
Altus Property Ventures, Inc. is a Philippines-based real estate company. The Companyâs primary purpose is to engage in the business of selling, acquiring, building, constructing, developing, leasing, and disposing of real estate properties and property development of all kinds and nature. The Company owns and operates the North Wing of a mall, referred to as Robinsons Place Ilocos, located within the compound of Valdez Center along the National Highway, Barangay 1, San Francisco, Municipality of San Nicolas, Province of Ilocos Norte. Robinsons Place Ilocos is situated inside Valdez Center. The center serves as a lifestyle center in Ilocos Norte. The area is characterized by a mixture of commercial and mid-rise residential developments. The mall has a two- level building which houses a department store, a supermarket, and an appliance store. It has a hardware store, a toy store and arcade, and a food court. The Companyâs leasing business segment caters to individuals and corporates.
ALTUS PROPERTY VENTURES, INC. 
