Publicly-listed Golden Haven Memorial Park Inc. Posts 27% Growth in Net Income
Manila, Philippines—Memorial Park developer Golden Haven Memorial Park Inc. posted 27% increase in net income to P135.5 million for the nine months ended September 30, 2016, compared to P106.4 million from the same period last year. Total revenues likewise posted 20% growth to P607.3 million compared to the P506.1 million from the same period last year.
“The continued double digit growth of the company in both our top line and bottom line numbers that we have delivered were in line with our strategic expansion plans of providing premier privately-managed memorial parks and services for Filipinos all over the country,” said Golden Haven Chairman Jerry M. Navarrete.
“The funds we raised from our successful initial public offering are now being deployed to acquire more properties for expansion, to develop our existing parks as well as to construct our first stand-alone memorial chapel and crematorium facility in the San Ezekiel complex in Las Piñas,” he added.
Golden Haven has developed over 55 hectares of land in eight locations nationwide. The company was listed in the Philippine Stock Exchange in 2016 under the stock symbol “HVN”, and is the first death care industry company to do so in the country. (Press Release)
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