A Brown Company, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 14, 2022 at 02:48 am EST
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A Brown Company, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported revenue was PHP 328.14 million compared to PHP 206.15 million a year ago. Net income was PHP 107.94 million compared to PHP 142.18 million a year ago. Basic earnings per share from continuing operations was PHP 0.04 compared to PHP 0.06 a year ago. Diluted earnings per share from continuing operations was PHP 0.04 compared to PHP 0.06 a year ago.
For the nine months, revenue was PHP 899.87 million compared to PHP 495.53 million a year ago. Net income was PHP 489.16 million compared to PHP 368.05 million a year ago. Basic earnings per share from continuing operations was PHP 0.18 compared to PHP 0.15 a year ago. Diluted earnings per share from continuing operations was PHP 0.18 compared to PHP 0.15 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. 
