Kepwealth Property Phils., Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 09, 2022 at 07:09 pm
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Kepwealth Property Phils., Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was PHP 13.02 million compared to PHP 14.34 million a year ago. Revenue was PHP 13.02 million compared to PHP 14.34 million a year ago. Net income was PHP 0.374175 million compared to PHP 0.431885 million a year ago.
For the six months, sales was PHP 25.25 million compared to PHP 28.94 million a year ago. Revenue was PHP 25.25 million compared to PHP 28.95 million a year ago. Net loss was PHP 0.241653 million compared to net income of PHP 1.74 million a year ago.
Kepwealth Property Phils., Inc. is a Philippines-based company. The Company's principal activities are to invest in, purchase, hold, use, sell, assign, transfer, lease, mortgage, exchange, maintain, administer, manage, and operate alone or jointly with others, or otherwise dispose of property or real property, including office, commercial, agricultural, residential properties, hotels, inns, resorts, apartments, or personal property. Its business segments include Leasing, and Asset Management. The Leasing segment is engaged in leasing of condominium units and parking slots in Kepwealth Center located in Cebu Business Park, Cebu City. In addition, the Company owns condominium units and parking spaces on One San Miguel Avenue located at San Miguel Avenue in Ortigas Center, Pasig City. It owns around 77 units with 98 leasable spaces of Kepwealth Center in the Cebu Business Park. The Company serves various industries, such as finance and insurance, audit, and legal counseling.
KEPWEALTH PROPERTY PHILS., INC. 
