House of Investments, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 14, 2023 at 12:47 am EST
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House of Investments, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was PHP 2,607.88 million compared to PHP 2,199.65 million a year ago. Net income was PHP 294.64 million compared to PHP 321.83 million a year ago. Basic earnings per share was PHP 0.3795 compared to PHP 0.4145 a year ago. Diluted earnings per share was PHP 0.3795 compared to PHP 0.4145 a year ago.
For the nine months, sales was PHP 7,761.6 million compared to PHP 6,569.02 million a year ago. Net loss was PHP 41 million compared to net income of PHP 871.55 million a year ago. Basic loss per share was PHP 0.1812 compared to basic earnings per share of PHP 0.9941 a year ago. Diluted loss per share was PHP 0.1812 compared to diluted earnings per share of PHP 0.9941 a year ago.
House of Investments, Inc. is a Philippines-based holding company, which is primarily engaged in car dealership, construction, education, afterlife services, consumer finance, property leasing and management, project management, security, and pharmaceuticals. Its segments include Cars Business, Education, Property and Property Services, and Others. Car Business segment represents automotive dealerships of the Company. Education segment primarily consists of revenues from IPO and subsidiaries in education and other related support services. Property and Property Services segment represents property leasing activities from ATYC and project management services of the Company. Other Services segment represent support services, which is engaged in the sale of pharmaceutical products, trading of consumer goods and rendering various services to the consumers. Its subsidiaries include Landev Corporation and Investment Managers, Inc.