Global-Estate Resorts, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 11, 2022 at 12:00 am EDT
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Global-Estate Resorts, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was PHP 196.55 million compared to PHP 93.22 million a year ago. Revenue was PHP 1,637.6 million compared to PHP 1,229.17 million a year ago. Net income was PHP 404.55 million compared to PHP 303.65 million a year ago. Basic earnings per share from continuing operations was PHP 0.0368 compared to PHP 0.0276 a year ago.
For the six months, sales was PHP 369.26 million compared to PHP 235.23 million a year ago. Revenue was PHP 2,960.89 million compared to PHP 2,430.58 million a year ago. Net income was PHP 747.58 million compared to PHP 603.64 million a year ago. Basic earnings per share from continuing operations was PHP 0.068 compared to PHP 0.0549 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. 
