Ever-Gotesco Resources and Holdings, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2019
November 14, 2019 at 06:31 pm EST
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Ever-Gotesco Resources and Holdings, Inc. announced earnings results for the third quarter ended September 30, 2019. For the third quarter, the company announced operating loss was PHP 463,442 compared to PHP 485,970 a year ago. Net loss was PHP 463,442 compared to PHP 485,970 a year ago. Basic loss per share was PHP 0.0001 compared to PHP 0.0001 a year ago. For the nine months, operating loss was PHP 2.578 million compared to PHP 2.817 million a year ago. Net loss was PHP 2.578 million compared to PHP 2.817 million a year ago. Basic loss per share was PHP 0.0005 compared to PHP 0.0006 a year ago.
Ever-Gotesco Resources and Holdings, Inc. is engaged in the business of building shopping malls and leasing out to commercial tenants. The Company's malls are primarily leased out to Ever Department Store and Supermarket, Cinemas, banks, amusement centers, food shops, specialty stores, boutiques, drug store, service shops, gym and sporting facilities. The Company has approximately two operational malls, such as Ever Gotesco Commonwealth Center (EGCC) and Ever Gotesco Manila Plaza (EGMP). EGCC is located on a five-hectare lot being leased at the corner of Don Mariano Marcos and Commonwealth Avenues, Old Balara Quezon City. EGMP is a four-level commercial-cinema complex covering a total floor area of approximately 16,377.2 square meters. The Company, through its subsidiary Gotesco Tyan Ming Development, Inc. (GTMDI), owns the Ever Gotesco Ortigas Complex.