Altus Property Ventures, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2020
November 08, 2020 at 06:48 pm
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Altus Property Ventures, Inc. reported earnings results for the third quarter and nine months ended September 30, 2020. For the quarter, gross revenue was PHP 13,584,847 against PHP 31,522,616 a year ago. Net income after tax was PHP 4,710,628 against PHP 17,557,371 a year ago. Earnings per share was PHP 0.05 against PHP 0.18 a year ago.
For nine months, gross revenue was PHP 55,515,837 against PHP 99,470,680 a year ago. Net income after tax was PHP 18,580,042 against PHP 50,114,459 a year ago. . Earnings per share was PHP 0.19 against PHP 0.5 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. 
