Starmalls, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2019
August 13, 2019 at 09:32 pm EDT
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Starmalls, Inc. announced earnings results for the second quarter ended June 30, 2019. For the second quarter, the company announced operating income was PHP 986 million compared to PHP 838 million a year ago. Net income was PHP 593 million compared to PHP 598 million a year ago. Basic earnings per share was PHP 0.07 compared to PHP 0.071 a year ago. For the half year, operating income was PHP 1,949 million compared to PHP 1,671 million a year ago. Net income was PHP 1,244 million compared to PHP 1,173 million a year ago. Basic earnings per share was PHP 0.148 compared to PHP 0.139 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. 