Kepwealth Property Phils., Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 09, 2021 at 11:40 pm
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Kepwealth Property Phils., Inc. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was PHP 13.31 million compared to PHP 15.86 million a year ago. Revenue was PHP 13.31 million compared to PHP 18.54 million a year ago. Net income was PHP 0.292588 million compared to PHP 4.62 million a year ago.
For the nine months, sales was PHP 42.24 million compared to PHP 54.42 million a year ago. Revenue was PHP 42.25 million compared to PHP 68.78 million a year ago. Net income was PHP 1.78 million compared to PHP 21.6 million a year ago. Basic earnings per share from continuing operations was PHP 0.01 compared to PHP 0.11 a year ago. Diluted earnings per share from continuing operations was PHP 0.01 compared to PHP 0.11 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.