Vistamalls, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 12, 2020 at 11:17 pm EDT
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Vistamalls, Inc. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced total revenue was PHP 1,325 million compared to PHP 1,774 million a year ago. Operating income was PHP 650 million compared to PHP 986 million a year ago. Net income was PHP 361 million compared to PHP 593 million a year ago. Basic earnings per share was PHP 0.043 compared to PHP 0.07 a year ago. For the half year, total revenue was PHP 3,419 million compared to PHP 3,539 million a year ago. Operating income was PHP 1,949 million compared to PHP 1,949 million a year ago. Net income was PHP 1,157 million compared to PHP 1,244 million a year ago. Basic earnings per share was PHP 0.137 compared to PHP 0.148 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. 