Imperial Resources, Incorporated Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 10, 2023 at 11:27 pm EDT
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Imperial Resources, Incorporated reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported net loss was PHP 1.45 million compared to PHP 1.33 million a year ago. Basic loss per share from continuing operations was PHP 0.002 compared to PHP 0.002 a year ago.
For the six months, net loss was PHP 3.02 million compared to PHP 2.86 million a year ago. Basic loss per share from continuing operations was PHP 0.005 compared to PHP 0.004 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.