IPM Holdings, Inc. Reports Earnings Results for the Full Year Ended December 31, 2023
April 16, 2024 at 01:21 am EDT
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IPM Holdings, Inc. reported earnings results for the full year ended December 31, 2023. For the full year, the company reported sales was PHP 5.17 million compared to PHP 5.7 million a year ago. Revenue was PHP 287.73 million compared to PHP 361.78 million a year ago.
Net income was PHP 59.81 million compared to PHP 30.28 million a year ago. Basic earnings per share from continuing operations was PHP 0.09 compared to PHP 0.04 a year ago. Diluted earnings per share from continuing operations was PHP 0.09 compared to PHP 0.04 a year ago.
IPM Holdings, Inc. is a Philippines-based company. The Company is engaged in the business of investment to own, hold, use, sell, assign, transfer, mortgage, pledge, exchange or otherwise dispose of real and personal property of every kind and description, and to manage any business, joint venture, firm partnership, corporation, institution or entity or otherwise act as holding or management corporation thereof. The Companyâs subsidiary, Basic Environmental Systems and Technologies, Inc. (BEST), is engaged in a contracting and consulting business for waste management, cleansing, sanitation and general hygiene to provide comprehensive waste disposal services. The Company operates through two segments: investment holding and service.