Global-Estate Resorts, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 09, 2021 at 01:17 am EDT
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Global-Estate Resorts, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced total revenue was PHP 1,229.170 million compared to PHP 1,386.554 million a year ago. Net income was PHP 303.651 million compared to PHP 296.835 million a year ago. Basic earnings per share from continuing operations was PHP 0.0276 compared to PHP 0.027 a year ago. For the half year, total revenue was PHP 2,430.579 million compared to PHP 2,914.080 million a year ago. Net income was PHP 603.644 million compared to PHP 544.797 million a year ago. Basic earnings per share from continuing operations was PHP 0.0549 compared to PHP 0.0496 a year ago.
Global-Estate Resorts, Inc. is a Philippines-based company, which is primarily engaged in the development of integrated tourism and leisure estates and integrated lifestyle communities consisting of residential, retail, hotel and/or leisure components in natural resort settings. The Company also engages in land acquisitions and maintains an inventory of raw land for future development. The Company's segments include Real Estate, Rental, Hotel Operations, Service Income and Corporate and Others. The Real Estate segment is engaged in the development and sale of residential and office projects. The Rental segment includes leasing of office and commercial spaces. The Hotel Operations segment includes hotel services, sale of food and beverages, and parties and events services. The Service Income segment relates to maintenance of golf courses. The Corporate and Others segment includes marketing services, general and corporate income and expense items.
GLOBAL-ESTATE RESORTS, INC. 
