A Brown Company, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 14, 2023 at 03:44 am EDT
Share
A Brown Company, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported revenue was PHP 501.57 million compared to PHP 361.4 million a year ago. Net income was PHP 281.64 million compared to PHP 232.95 million a year ago. Basic earnings per share from continuing operations was PHP 0.11 compared to PHP 0.09 a year ago. Diluted earnings per share from continuing operations was PHP 0.11 compared to PHP 0.09 a year ago.
For the six months, revenue was PHP 771.96 million compared to PHP 571.73 million a year ago. Net income was PHP 468.66 million compared to PHP 381.21 million a year ago. Basic earnings per share from continuing operations was PHP 0.18 compared to PHP 0.14 a year ago. Diluted earnings per share from continuing operations was PHP 0.18 compared to PHP 0.14 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. 
