Altus Property Ventures, Inc. Reports Earnings Results for the Quarter and Year to Date Ended June 30, 2020
August 13, 2020 at 07:20 pm
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Altus Property Ventures, Inc. reported earnings results for the quarter and year to date ended June 30, 2020. For the quarter, Gross Revenue was PHP 8,314,369 compared to PHP 34,602,419 a year ago. Net loss Attributable to Parent Equity Holder was PHP 972,109 compared to profit of PHP 13,883,400 a year ago. LPS was PHP 0.01 compared to profit of PHP 0.14 a year ago.
For the year to date, Gross Revenue was PHP 41,930,990 compared to PHP 67,948,064 a year ago. Net profit Attributable to Parent Equity Holder was PHP 13,869,414 compared to profit of PHP 32,557,087 a year ago. EPS was PHP 0.14 compared to profit of PHP 0.33 a year ago.
Altus Property Ventures, Inc. is a Philippines-based real estate company. The Companyâs primary purpose is to engage in the business of selling, acquiring, building, constructing, developing, leasing, and disposing of real estate properties and property development of all kinds and nature. The Company owns and operates the North Wing of a mall, referred to as Robinsons Place Ilocos, located within the compound of Valdez Center along the National Highway, Barangay 1, San Francisco, Municipality of San Nicolas, Province of Ilocos Norte. Robinsons Place Ilocos is situated inside Valdez Center. The center serves as a lifestyle center in Ilocos Norte. The area is characterized by a mixture of commercial and mid-rise residential developments. The mall has a two- level building which houses a department store, a supermarket, and an appliance store. It has a hardware store, a toy store and arcade, and a food court. The Companyâs leasing business segment caters to individuals and corporates.
ALTUS PROPERTY VENTURES, INC. 
