Golden Bria Holdings, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2018; Provides Capital Expenditures Guidance for the Year 2018
August 15, 2018 at 02:02 am EDT
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Golden Bria Holdings, Inc. reported earnings results for the second quarter and six months ended June 30, 2018. For the quarter, the company reported gross revenue of PHP 1,438,237,000 against PHP 889,918,000 a year ago. Non-operating income was PHP 61,762,000 against PHP 17,287,000 a year ago. Income before tax was PHP 510,686,000 against PHP 265,408,000 a year ago. Net income after tax was PHP 357,481,000 against PHP 185,785,000 a year ago. Net income attributable to parent equity holder was PHP 357,481,000 against PHP 185,785,000 a year ago. EPS basic and diluted was PHP 0.55 against PHP 0.92 a year ago.
For the six months, the company reported gross revenue of PHP 2,621,146,000 against PHP 1,690,894,000 a year ago. Non-operating income was PHP 89,853,000 against PHP 35,027,000 a year ago. Income before tax was PHP 851,952,000 against PHP 455,870,000 a year ago. Net income after tax was PHP 596,366,000 against PHP 319,109,000 a year ago. Net income attributable to parent equity holder was PHP 596,366,000 against PHP 319,109,000 a year ago. EPS basic and diluted was PHP 0.92 against PHP 0.49 a year ago. Book value per share was PHP 7.94.
For the year 2018, the company is looking at a capital expenditure budget of about PHP 5.9 billion which is more than double last years of PHP 2.8 billion.
Golden MV Holdings, Inc. is a Philippines-based developer of memorial parks. The Company also develops, constructs, and operates a columbarium and memorial chapel facilities. The Company, through its subsidiary, Bria Homes, Inc., is engaged in developing and selling real estate properties, residential houses, and lots. Its segments include Residential Projects and Deathcare. The residential segment pertains to the housing market segment of the Group. It caters in the development and sale of residential houses and lots, and condominium units. The deathcare segment pertains to sale of memorial lots, interment income, and income from chapel services. The Companyâs deathcare product offerings include funeral and cremation services. Its deathcare business operates under the brand, Golden Haven. The Company also has columbaries projects within a selection of its memorial parks, including an approximately 20,000-vault columbarium beneath Golden Havenâs Sanctuario de San Ezekiel Moreno.
Golden Bria Holdings, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2018; Provides Capital Expenditures Guidance for the Year 2018