Villar’s Golden Bria posts 79% profit growth

Golden Bria Holdings Inc., the Villar group’s holding firm for mass housing and memorial park development, grew net profit in the first nine months by 79 percent year-on-year to P915 million.

The company has sustained a strong growth in earnings since listing on the Philippine Stock Exchange in mid-2016.

The rise in profit was driven by increases in sales revenues for both memorial lots and residential units, with consolidated real estate sales rising by 59 percent year-on-year to P3.93 billion in the first nine months.

Golden Bria’s “deathcare” business, Golden Haven, grew its chapel services for the year by more than three times year-on-year to P27.2 million.

“Being present in every hometown is the goal Golden Bria aims to achieve,” said Golden Bria chair Manuel Villar Jr.

It reported total assets of P18.2 billion as of end-September, up 37 percent year-on-year.

Golden Bria has combined holdings of some 750 hectares of property, with more than 150 ha allotted for memorial park projects and around 600 ha allocated for mass market housing developments.

Through its subsidiary, Bria Homes, Golden Bria has more than 40 residential developments. Through Golden Haven, it has 26 memorial park projects nationwide. —DORIS DUMLAO-ABADILLA