Araneta Properties Inc. Announces Earnings Results for the First Quarter Ended March 31, 2019
May 15, 2019 at 07:55 pm EDT
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Araneta Properties Inc. announced earnings results for the first quarter ended March 31, 2019. For the quarter, the company reported gross revenue of PHP 15,054,255 against PHP 21,007,010 a year ago. Net loss after tax was PHP 7,959,156 against net income after tax of PHP 8,307,231 a year ago.
Araneta Properties, Inc. is a Philippines-based real estate development company. The Company is engaged in the acquisition, owning, holding, developing, improving, subdividing, selling, leasing, renting, mortgaging, managing, and dealing in real estate for residential, commercial, industrial, and recreational purposes. The Company is also involved in constructing and developing any real estate or other properties, buildings, hotels, recreation facilities. The Company's property portfolio includes San Jose del Monte, Bulacan Property and ManticaoMisamis Oriental Property. The San Jose del Monte, Bulacan Property comprises approximately 2,364,082 square meters of prime land, which is located in Barrio Tungkong Mangga, San Jose del Monte, Bulacan. The ManticaoMisamis Oriental Property consists of approximately 17.3 hectares of residential land, located along the national highway from Cagayan de Oro City to Iligan City and within the Poblacion of Barrio Patag, Manticao, Misamis Oriental.
ARANETA PROPERTIES, INC. 
