Golden Bria Holdings Inc. earns 87% more in 6 months

Golden Bria Holdings Inc. earns 87% more in 6 months

Golden Bria Holdings Inc. earns 87% more in 6 months Iris Gonzales (The Philippine Star) – August 17, 2018 – 12:00am

MANILA, Philippines — Golden Bria Holdings Inc. reported a strong first half net income of P596 million, up 87 percent year on year.

Total revenues surged to P2.6 billion as sales for both real estate and memorial lots grew.

Income from memorial chapels quadrupled to P18 million.

The company will primarily focus on the development and aggressive expansion of current projects and continued landbanking.

“Expanding our business to over 50 locations within the past year is an incredible feat which has allowed us to fulfill our promises to our shareholders, establish Golden Haven as the country’s largest integrated memorial park developer, and incorporate the Philippines’ fastest growing mass housing developer, Bria Homes, into the company,” said company chairman Manuel Villar Jr.

The company is looking at a capital expenditure budget of about P5.9 billion this year, more than double last year’s P2.8 billion.

As of the first half, Golden Haven has over 130 hectares of properties all over the country allotted for its deathcare business development, while Bria Homes has over 550 hectares in 37 cities and municipalities allocated for its mass housing projects.

The company currently has 40 residential projects and 18 memorial park developments all over the Philippines.

This article first appeared on www.PhilStar.com