A Brown Company, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 17, 2022 at 08:11 pm EDT
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A Brown Company, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported revenue was PHP 361.4 million compared to PHP 83.64 million a year ago. Net income was PHP 232.95 million compared to PHP 53.89 million a year ago. Basic earnings per share from continuing operations was PHP 0.09 compared to PHP 0.02 a year ago. Diluted earnings per share from continuing operations was PHP 0.09 compared to PHP 0.02 a year ago.
For the six months, revenue was PHP 571.73 million compared to PHP 289.39 million a year ago. Net income was PHP 381.21 million compared to PHP 225.87 million a year ago. Basic earnings per share from continuing operations was PHP 0.14 compared to PHP 0.09 a year ago. Diluted earnings per share from continuing operations was PHP 0.14 compared to PHP 0.09 a year ago.
A Brown Company, Inc. is a property development and investment company. It is engaged in the business of real estate development. Its prime real estate development property is Xavier Estates in Cagayan de Oro City. Its segments include Real estate development, Agricultural, Power and utilities, Holding, and Services. Real estate development segment is engaged in the development of land into commercial and residential subdivision, sale of lots and residential houses and the provision of customer financing for sales. Agricultural segment is engaged in the development of land for palm oil production and sale of palm oil and other palm products including, but not limited to refined bleached deodorized oil, palm olein, crude palm oil, palm stearin, palm acid oil, and palm kernels. Power and utilities segment is engaged in operating power plants and/or purchase, generation, production supply and sale of power. Services segment is a provider of irradiation services for all types of goods.
A BROWN COMPANY, INC. 
