Golden Haven Memorial Park, Inc. Announces Audited Consolidated Earnings Results for the Year Ended of December 31, 2017; Provides Capital Expenditures Guidance for the Year 2018
April 16, 2018 at 03:00 am EDT
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Golden Haven Memorial Park, Inc. announced audited consolidated earnings results for the year ended of December 31, 2017. For the period, the company reported revenue of PHP 3,685,125,838 compared to PHP 814,587,446 a year ago. Operating profit was PHP 960,023,553 compared to PHP 234,745,888 a year ago. Income before tax was PHP 1,008,646,368 compared to PHP 257,679,367 a year ago. Net Income after tax was PHP 698,973,189 compared to PHP 180,222,617 a year ago. Net Income attributable to Parent Equity Holder was PHP 698,973,189 compared to PHP 180,222,617 a year ago. Basic and diluted earnings per share was PHP 1.41 compared to PHP 0.39 a year ago. Return on assets was 0.05% compared to 0.06% a year ago. Return on equity was 0.15% compared to 0.14% a year ago. Net cash used in operating activities was PHP 995,466,491 compared to net cash from operating activities of PHP 150,121,533 a year ago. Acquisitions of property and equipment were PHP 154,606,085 compared to PHP 129,668,646 a year ago. Book value per share was PHP 7.01 compared to PHP 2.67 a year ago.
The company expects capital expenditures for 2018 of PHP 5,893.30 million.
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 Haven Memorial Park, Inc. Announces Audited Consolidated Earnings Results for the Year Ended of December 31, 2017; Provides Capital Expenditures Guidance for the Year 2018