Empire East Land Holdings Reports Q3 Revenue Decline and Manila Unit Completion
1 report, 1 independent
Updated 00:00
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What happened
Empire East Land Holdings, Inc. reported a 41.1% decline in third-quarter attributable net income, which fell to P115.96 million. The developer also reported that revenues decreased 18.1% during the first nine months of 2026, and announced the completion of residential units in Manila. Real estate sales dropped 27% in the same nine-month period compared to the previous year.
From bworldonline.com
Why it matters
The decline in sales and revenue suggests a slowdown in the property market. For the first nine months of 2026, the company's attributable net income declined 26.5% year-over-year, reflecting reduced demand for its residential developments.
From bworldonline.com
Who's involved
- ManilaLocation where the property developer operates and completed residential units