Crown Equities, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 12, 2020 at 09:48 pm
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Crown Equities, Inc. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced total revenue was PHP 47.573 million compared to PHP 57.044 million a year ago. Net income was PHP 16.884 million compared to net loss of PHP 9.945 million a year ago. For the nine months, total revenue was PHP 130.474 million compared to PHP 171.156 million a year ago. Net income was PHP 6.764 million compared to PHP 20.459 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. 
