Atn Holdings, Inc. Reports Earnings Results for the Second Quarter Ended September 30, 2019
November 18, 2019 at 11:00 pm
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ATN Holdings, Inc. announced earnings results for the second quarter ended September 30, 2019. For the second quarter, the company announced total revenue was PHP 3.824 million compared to PHP 3.306 million a year ago. Net loss was PHP 693,978 compared to PHP 1.122 million a year ago. For the half year, total revenue was PHP 10.665 million compared to PHP 13.710 million a year ago. Net loss was PHP 3.321 million compared to PHP 3.985 million a year ago. Basic loss per share was PHP 0.0074 compared to PHP 0.0089 a year ago.
ATN Holdings, Inc. is a Philippines-based holding company. The Company is engaged in real estate, land development, energy, and health care services. The Company operates in two segments: Real estate leasing and Aggregates, which is involved in the production and selling of rock aggregates. The Company invests in real properties and stocks. Its investments in real properties include several units of office condominiums at Summit One Tower located at 530 Shaw Boulevard, Mandaluyong City. Summit One Tower is a 48-storey building. Units of Summit One Tower are office condominium spaces ready for occupancy with its own separate six-level parking building and two basement parking levels. The units are for sale or leased through either direct sales or referrals from independent brokers. Its subsidiaries are Palladian Land Development Inc. (PLDI), ATN Philippines Solar Energy Group, Inc. (ATN Solar), Advanced Home Concept Development Corp. (AHCDC) and Managed Care Phil., Inc. (MCPI).