Vistamalls, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 15, 2022 at 08:49 pm EDT
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Vistamalls, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was PHP 1,995 million compared to PHP 1,163 million a year ago. Revenue was PHP 2,632 million compared to PHP 1,732 million a year ago. Net income was PHP 1,459 million compared to PHP 727 million a year ago. Basic earnings per share from continuing operations was PHP 0.173 compared to PHP 0.086 a year ago. Diluted earnings per share from continuing operations was PHP 0.173 compared to PHP 0.086 a year ago.
For the six months, sales was PHP 4,287 million compared to PHP 3,024 million a year ago. Revenue was PHP 5,265 million compared to PHP 3,754 million a year ago. Net income was PHP 2,708 million compared to PHP 1,647 million a year ago. Basic earnings per share from continuing operations was PHP 0.321 compared to PHP 0.195 a year ago. Diluted earnings per share from continuing operations was PHP 0.321 compared to PHP 0.195 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. 
