Golden Haven Memorial Park, Inc. Announces Consolidated Earnings Results for the Year Ended of December 31, 2016; Provides Capital Expenditures Guidance for the Year 2017
March 31, 2017 at 06:06 am EDT
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Golden Haven Memorial Park, Inc. announced consolidated earnings results for the year ended of December 31, 2016. For the period, the company reported operating revenue of PHP 814,587,446 compared to PHP 692,797,288 a year ago. Net Income before tax was PHP 257,679,367 compared to PHP 216,333,215 a year ago. Net Income after tax was PHP 180,222,617 compared to PHP 151,115,204 a year ago. Net Income attributable to Parent Equity Holder was PHP 180,222,617 compared to PHP 151,115,204 a year ago. Basic and diluted earnings per share was PHP 0.49 compared to PHP 755.58 a year ago. Return on Assets was 0.06% compared to 0.08% a year ago. Return on Equity was 0.14% compared to 0.35% a year ago. Net cash from operating activities was PHP 150,121,616 compared to PHP 36,145,978 a year ago. Acquisitions of property and equipment were PHP 129,668,729 compared to PHP 8,039,574 a year ago. Book Value per Share was PHP 2.67 compared to PHP 0.88 a year ago.
The company expects capital expenditures for 2017 of PHP 575.00 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 Consolidated Earnings Results for the Year Ended of December 31, 2016; Provides Capital Expenditures Guidance for the Year 2017