Newly listed Golden Haven Memorial Park Inc. said it posted record net income and revenues in the first half amid aggressive expansion.
Golden Haven said in disclosure to the stock exchange six-month net income rose 23 percent to P84 million from P68.2 million in the same period last year.
Six-month revenues climbed 30 percent to P418.9 million from the previous year’s P321.8 million, on higher sales of memorial park lots and columbarium vaults.
Golden Haven chairman Jerry Navarrete said the P788-million fresh capital raised by the company during the initial public offering would enable it to expand across the country.
“We aim for Golden Haven to become the nationally-recognized brand in the deathcare products and service industry,” Navarrete said.
