Kepwealth Property Phils., Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 11, 2022 at 03:02 am
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Kepwealth Property Phils., Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was PHP 13.13 million compared to PHP 13.31 million a year ago. Revenue was PHP 13.13 million compared to PHP 13.31 million a year ago. Net income was PHP 0.485435 million compared to PHP 0.419102 million a year ago.
For the nine months, sales was PHP 38.38 million compared to PHP 42.24 million a year ago. Revenue was PHP 38.38 million compared to PHP 42.25 million a year ago. Net income was PHP 0.243787 million compared to PHP 2.16 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. 
