Vistamalls, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 15, 2021 at 08:23 pm EDT
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Vistamalls, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced total revenue was PHP 1,732 million compared to PHP 1,325 million a year ago. Operating income was PHP 1,104 million compared to PHP 692 million a year ago. Net income was PHP 727 million compared to PHP 402 million a year ago. Basic earnings per share from continuing operations was PHP 0.086 compared to PHP 0.048 a year ago. For the half year, total revenue was PHP 3,754 million compared to PHP 3,419 million a year ago. Operating income was PHP 2,453 million compared to PHP 1,949 million a year ago. Net income was PHP 1,647 million compared to PHP 1,157 million a year ago. Basic earnings per share from continuing operations was PHP 0.195 compared to PHP 0.137 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. 
