Global-Estate Resorts, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 09, 2020 at 10:51 pm EST
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Global-Estate Resorts, Inc. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced total revenue was PHP 943.393 million compared to PHP 1,820.850 million a year ago. Net income was PHP 74.666 million compared to PHP 490.141 million a year ago. Basic earnings per share from continuing operations was PHP 0.0068 compared to PHP 0.0446 a year ago. For the nine months, total revenue was PHP 3,857.473 million compared to PHP 5,918.542 million a year ago. Net income was PHP 619.463 million compared to PHP 1,355.268 million a year ago. Basic earnings per share from continuing operations was PHP 0.0564 compared to PHP 0.1234 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. 
