Kepwealth Property Phils., Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 12, 2023 at 09:08 pm
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Kepwealth Property Phils., Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was PHP 11.71 million compared to PHP 13.13 million a year ago. Revenue was PHP 11.71 million compared to PHP 13.13 million a year ago. Net loss was PHP 1.97 million compared to net income of PHP 0.485432 million a year ago. Basic loss per share from continuing operations was PHP 0.01. Diluted loss per share from continuing operations was PHP 0.01.
For the nine months, sales was PHP 36.01 million compared to PHP 38.38 million a year ago. Revenue was PHP 36.01 million compared to PHP 38.38 million a year ago. Net loss was PHP 1.26 million compared to net income of PHP 0.243787 million a year ago. Basic loss per share from continuing operations was PHP 0.01. Diluted loss per share from continuing operations was PHP 0.01.
Kepwealth Property Phils., Inc. is a Philippines-based company. The Company's principal activities are to invest in, purchase, or otherwise acquire and own, hold, use, sell, assign, transfer, lease, mortgage, exchange, maintain, administer, manage, and operate alone or jointly with others, or otherwise dispose of real property, including office, commercial, agricultural and residential properties, hotels, inns, resorts, apartments, or personal property. It is engaged in the 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 in One San Miguel Avenue located at San Miguel Avenue on 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, legal counseling, education, health services, real estate and tourism, among others.
KEPWEALTH PROPERTY PHILS., INC. 
