Altus Property Ventures, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 09, 2023 at 12:48 am EST
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Altus Property Ventures, 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 53.03 million compared to PHP 45.15 million a year ago. Net income was PHP 38.04 million compared to PHP 24.1 million a year ago. Basic earnings per share from continuing operations was PHP 0.38 compared to PHP 0.24 a year ago. Diluted earnings per share from continuing operations was PHP 0.38 compared to PHP 0.24 a year ago.
For the nine months, sales was PHP 151.41 million compared to PHP 139.15 million a year ago. Net income was PHP 102.53 million compared to PHP 76.58 million a year ago. Basic earnings per share from continuing operations was PHP 1.03 compared to PHP 0.77 a year ago. Diluted earnings per share from continuing operations was PHP 1.03 compared to PHP 0.77 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. 
