Anchor Land Holdings, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 17, 2020 at 12:39 am EST
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Anchor Land Holdings, Inc. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced net income was PHP 58.960 million compared to PHP 207.069 million a year ago. Basic earnings per share from continuing operations was PHP 0.05 compared to PHP 0.19 a year ago. For the nine months, net income was PHP 321.102 million compared to PHP 517.522 million a year ago. Basic earnings per share from continuing operations was PHP 0.29 compared to PHP 0.48 a year ago.
Anchor Land Holdings, Inc. is a holding company of the ALHI Group. The Companyâs principal business interest in real estate is organized to acquire by purchase, lease, donation, or otherwise, and to own, use, improve, develop, subdivide, sell, mortgage, exchange, lease, and hold for investment, real estate of all kinds, whether to improve, manage or otherwise dispose of buildings, houses, apartments and other structures of whatever kind, together with their appurtenances. Its segments include Condominium sales, Leasing, Property management and Hotel operation. The Condominium sales segment is focused on the development of high-end condominium units for sale to third parties. The Leasing segment includes commercial units and shopping centers for lease to third parties. The Property management segment includes facilities management and consultancy services covering condominium and building administration. The Hotel operation segment is focused on management of hotel business operations.
ANCHOR LAND HOLDINGS, INC. 
