Vistamalls, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2019
November 13, 2019 at 08:40 pm
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Vistamalls, Inc. announced earnings results for the third quarter ended September 30, 2019. For the third quarter, the company announced total revenue was PHP 1,751 million compared to PHP 1,564 million a year ago. Operating income was PHP 877 million compared to PHP 899 million a year ago. Net income was PHP 709 million compared to PHP 606 million a year ago. Basic earnings per share was PHP 0.084 compared to PHP 0.072 a year ago. For the nine months, total revenue was PHP 5,291 million compared to PHP 4,598 million a year ago. Operating income was PHP 2,829 million compared to PHP 2,571 million a year ago. Net income was PHP 1,956 million compared to PHP 1,781 million a year ago. Basic earnings per share was PHP 0.232 compared to PHP 0.211 a year ago.
Vistamalls, Inc. is an investment holding company, which is engaged in investment, real estate, and leasing business. It also engaged in leasing of retail malls and business process outsourcing (BPO) commercial center. The Company's subsidiaries include Masterpiece Asia Properties Inc., which operates Starmall Prima Taguig, Starmall Prima Daang Hari, Starmall Prima Sta. Rosa, Starmall 7 San Jose del Monte, Starmall Talisay, Starmall Imus, and Optimum Bank Building, and Manuela Corporation, which operates Starmall Las Pinas, Starmall Las Pinas Annex, Starmall EDSA-Shaw and Starmall Alabang. The Companyâs subsidiaries are also involved in the acquisition of undeveloped land, the planning and design of developments, the securing of regulatory approvals for development and sale or lease, the supervision of land development and construction and the marketing and selling/leasing of its products. Its malls include Vista Mall Bataan, Vista Mall Iloilo, Vista Mall Naga, and Vista Mall Pampanga.
VISTAMALLS, INC. 
