Vistamalls, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2021
May 24, 2021 at 08:22 pm EDT
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Vistamalls, Inc. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced total revenue was PHP 2,022 million compared to PHP 2,094 million a year ago. Operating income was PHP 1,349 million compared to PHP 1,257 million a year ago. Net income was PHP 920 million compared to PHP 755 million a year ago. Basic earnings per share from continuing operations was PHP 0.109 compared to PHP 0.09 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. 
