Araneta Properties, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 11, 2023 at 12:09 am EDT
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Araneta Properties, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported net income was PHP 7.83 million compared to PHP 11.85 million a year ago. Basic earnings per share from continuing operations was PHP 0.00401 compared to PHP 0.00607 a year ago.
For the six months, net loss was PHP 1.76 million compared to net income of PHP 10.53 million a year ago. Basic loss per share from continuing operations was PHP 0.0009 compared to basic earnings per share from continuing operations of PHP 0.00539 a year ago.
Araneta Properties, Inc. is a Philippines-based real estate development company. The Company is engaged in the acquisition, owning, holding, developing, improving, subdividing, selling, leasing, renting, mortgaging, managing, and dealing in real estate for residential, commercial, industrial, and recreational purposes. The Company is also involved in constructing and developing any real estate or other properties, buildings, hotels, recreation facilities. The Company's property portfolio includes San Jose del Monte, Bulacan Property and ManticaoMisamis Oriental Property. The San Jose del Monte, Bulacan Property comprises approximately 2,364,082 square meters of prime land, which is located in Barrio Tungkong Mangga, San Jose del Monte, Bulacan. The ManticaoMisamis Oriental Property consists of approximately 17.3 hectares of residential land, located along the national highway from Cagayan de Oro City to Iligan City and within the Poblacion of Barrio Patag, Manticao, Misamis Oriental.
ARANETA PROPERTIES, INC. 
