Araneta Properties, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 14, 2023 at 02:36 am EST
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Araneta Properties, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported net loss was PHP 14.61 million compared to PHP 8.41 million a year ago. Basic loss per share from continuing operations was PHP 0.00748 compared to PHP 0.00431 a year ago.
For the nine months, net loss was PHP 16.37 million compared to net income of PHP 2.12 million a year ago. Basic loss per share from continuing operations was PHP 0.00839 compared to basic earnings per share from continuing operations of PHP 0.00108 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. 
