Araneta Properties, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2020
October 28, 2020
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Araneta Properties, Inc. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced net loss was PHP 10.199 million compared to PHP 99,475 a year ago. Basic loss per share from continuing operations was PHP 0.00523 compared to PHP 0.00005 a year ago. For the nine months, net loss was PHP 14.547 million compared to PHP 26.063 million a year ago. Basic loss per share from continuing operations was PHP 0.00746 compared to PHP 0.01336 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. 
