Atok-Big Wedge Co., Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2018
August 15, 2018 at 12:30 am EDT
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Atok-Big Wedge Co. Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2018. For the quarter, the company reported loss before income tax was PHP 1,195,257 compared with PHP 2,127,874 a year ago. Net loss was PHP 1,195,257 compared to PHP 2,127,874 a year ago. Loss of PHP 0.0013 per basic and diluted share compared to PHP 0.0022 per basic and diluted share a year ago.
For the six months, the company reported loss before income tax was PHP 1,779,542 compared with PHP 3,763,980 a year ago. Net loss was PHP 1,779,542 compared to PHP 3,763,980 a year ago. Loss of PHP 0.0019 per basic and diluted share compared to PHP 0.0039 per basic and diluted share a year ago. Net cash used in operating activities of PHP 3,050,083 compared to PHP 3,894,161 a year ago. Book value per share as at June 30, 2018 was PHP 0.66.
Atok-Big Wedge Co., Inc. is a Philippines-based company, which is engaged in the business of exploration and development of mining, oil, gas, and natural resources. The Company operates through two segments: Mining, Exploration and Development, and Stock Transfer Agency. Its subsidiaries include AB Stock Transfer Corporation (ABSTC) and Tidemark Holdings Limited. Its ABSTC is engaged in establishing, operating, and acting as transfer agent and/or registrar of corporations. Tidemark Holdings Limited owns an approximately 20% interest in Forum Energy Ltd. Forum Energy Ltd is a gas & oil exploration and production company with a portfolio of projects in the Philippines. Among these projects is Service Contract No. (SC) 72 where Forum holds 70% equity.
ATOK-BIG WEDGE CO., INC. 
