Crown Equities, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2019
November 14, 2019 at 02:37 am
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Crown Equities, Inc. announced earnings results for the third quarter ended September 30, 2019. For the third quarter, the company announced total revenue was PHP 57.044 million compared to PHP 60.133 million a year ago. Net loss was PHP 9.945 million compared to net income of PHP 14.409 million a year ago. For the nine months, total revenue was PHP 175.489 million compared to PHP 167.570 million a year ago. Net income was PHP 20.459 million compared to PHP 192.202 million a year ago.
Crown Equities, Inc. is a Philippines-based investment holding company. The Company is engaged in the business of real estate development and healthcare through its subsidiaries. The Company operates through three segments: Real estate, Healthcare services and Investment holdings. Real estate segment is involved in the acquisition of land, planning and developing residential communities, such as development and sale of condominium units and parking slots, residential lots and housing units. Healthcare services segment is involved in delivering out-patient health care services through ambulatory care centers. This includes the sale of medical goods and services. Investment holdings segment creates project investments and later dispose these investments after creating value. The Companyâs subsidiaries include Crown Central Properties, Corp., Parkfield Land Holdings, Inc., Healthcare Systems of Asia Phils., Inc, Fortmed Medical Clinics Makati. Inc. and Argent Capital Holdings Corporation.
CROWN EQUITIES, INC. 
