Araneta Properties, Inc. (ARA) Stock Price
₱0.590
7.27%
(
$0.0104
in US Dollar
)
Price Data
Open Price
₱0.590
High Price
₱0.590
Low Price
₱0.550
52-Week High
₱1.19
52-Week Low
₱0.550
Market Data
Trade Volume
₱972,310
Market Cap
₱1.15 Billion
P/E Ratio
59.00
Earnings Per Share
₱0.0100
Book Value
₱0.960
Company Profile
Araneta Properties, Inc. (ARA) was originally incorporated on June 15, 1988 as Integrated Chrome Corporation (INCHROME) with the principal business of mining chrome ore and producing ferro silicon metal, commonly known as ferrochrome. INCHROME stopped its smelter operations in January 1996. Soon after, in September 1996, the Company changed its corporate name to the present one as well as its primary purpose of business to land and property development, maintaining the smelter operations as a secondary purpose.
On November 29, 2019, ARA entered into an agreement with Sta. Lucia Land, Inc. (SLI) to develop a parcel of land owned by the Company. Under the agreement, SLI will develop the parcel of land into a residential subdivision with complete facilities and amenities, upon turnover of the property and upon securing required clearance and permit to develop, and in which the property shall be free and clean from any lien and encumbrance.
Source: SEC Form 17-A (2022)
Stock Information
Sector
Property
Subsector
Property
Outstanding Shares
1,951,387,570
Share Type
Common
ISIN
PHY0203L1190
Board Lot
1000