Kepwealth Property Phils., Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 10, 2023 at 12:42 am
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Kepwealth Property Phils., Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was PHP 12.45 million compared to PHP 13.02 million a year ago. Revenue was PHP 12.45 million compared to PHP 13.02 million a year ago. Net income was PHP 0.873485 million compared to PHP 0.374182 million a year ago.
For the six months, sales was PHP 24.31 million compared to PHP 25.25 million a year ago. Revenue was PHP 24.31 million compared to PHP 25.25 million a year ago. Net income was PHP 0.715579 million compared to net loss of PHP 0.241653 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. 
