House of Investments, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 13, 2022 at 09:33 pm EST
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House of Investments, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was PHP 6,330.3 million compared to PHP 5,540.68 million a year ago. Net income was PHP 321.83 million compared to PHP 219.07 million a year ago. Basic earnings per share from continuing operations was PHP 0.4145 compared to PHP 0.2821 a year ago. Diluted earnings per share from continuing operations was PHP 0.4145 compared to PHP 0.2821 a year ago.
For the nine months, sales was PHP 16,977.02 million compared to PHP 17,648.07 million a year ago. Net income was PHP 1,202.35 million compared to PHP 798.43 million a year ago. Basic earnings per share from continuing operations was PHP 1.5485 compared to PHP 1.0283 a year ago. Diluted earnings per share from continuing operations was PHP 1.5485 compared to PHP 1.0283 a year ago.
House of Investments, Inc. is a Philippines-based holding company, which is primarily engaged in car dealership, construction, education, afterlife services, consumer finance, property leasing and management, project management, security, and pharmaceuticals. Its segments include Cars Business, Education, Property and Property Services, and Others. Car Business segment represents automotive dealerships of the Company. Education segment primarily consists of revenues from IPO and subsidiaries in education and other related support services. Property and Property Services segment represents property leasing activities from ATYC and project management services of the Company. Other Services segment represent support services, which is engaged in the sale of pharmaceutical products, trading of consumer goods and rendering various services to the consumers. Its subsidiaries include Landev Corporation and Investment Managers, Inc.