THE Villar-controlled Golden Bria Holdings, Inc. posted a net profit of P318.68 million in the third quarter, up 66.8%, after the company reported strong real estate sales.
In its quarterly report to the stock exchange, the company reported revenue of P1.42 billion, up 65.1% from a year earlier. Real estate sales accounted for P1.38 billion, up 66.2%.
“Being present in every hometown is the goal Golden Bria aims to achieve,” said Golden Bria Chairman Manuel B. Villar, Jr. in a statement on Friday.
“As we work towards becoming the country’s largest mass market housing developer in Bria Homes, and the biggest integrated deathcare company in Golden Haven, we will continue to open more projects in new areas around the Philippines from our over 60 locations to date,” he added.
Golden Bria, which claims to be the country’s “fastest growing mass market housing developer and largest integrated deathcare company,” recorded a 66.1% rise in costs and expenses during the quarter to P983.55 million.
In the nine months to September, the company posted a net profit of P915.04 million, up 79.4% from a year earlier. It said it has sustained the upward trend since its listing in mid-2016.
It said the increase was “driven by significant increases in sales for both memorial lots and residential units,” with consolidated real estate sales growing by 59.1% to P3.93 billion.
The company said its deathcare business, Golden Haven, boosted its chapel services for the year, which grew more than three times to P27.2 million. — Victor V. Saulon
At the end of September, Golden Bria had assets of P18.15 billion, up 37.4% from a year earlier.
To date, the company estimates its combined holdings at more than 750 hectares of property all over the country, with more than 150 hectares set aside for deathcare projects and about 600 hectares allocated for mass market housing.
Golden Bria, through its subsidiary Bria Homes, has more than 40 residential developments, and through Golden Haven, has 26 memorial park projects nationwide. — Victor V. Saulon

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