Imperial Resources, Incorporated Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 06, 2020 at 01:49 am EDT
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Imperial Resources, Incorporated announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced operating loss was PHP 1.374 million compared to PHP 1.451 million a year ago. Net loss was PHP 1.374 million compared to PHP 1.450 million a year ago. Basic eps was PHP 0 compared to basic loss per share of PHP 0.002 a year ago. For the half year, operating loss was PHP 2.679 million compared to PHP 3.020 million a year ago. Net loss was PHP 2.677 million compared to PHP 3.019 million a year ago. Basic eps was PHP 0 compared to basic loss per share of PHP 0.005 a year ago.
Imperial Resources, Inc. is a Philippines-based company, which is in the exploration and evaluation stages of mineral resources. The Company is engaged in the exploration, exploitation, development and operation of the mining concessions in Indonesia. The primary purpose of the Company is to carry on the business of operating coal mines, and of prospecting, exploration and of mining, milling, concentrating, converting, smelting, treating, refining, preparing for market, manufacturing, buying, selling, exchanging, and producing, and dealing in all kinds of ores, metals and minerals, asphalt-bitumen, hydrocarbons, acids and chemicals, and in the products and by-products. The Company operates through a single segment, mining business.