Marcventures Holdings, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 09, 2022 at 10:02 pm EDT
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Marcventures Holdings, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was PHP 1,166.67 million compared to PHP 299.85 million a year ago. Net income was PHP 274.42 million compared to net loss of PHP 50.65 million a year ago. Basic earnings per share from continuing operations was PHP 0.09 compared to basic loss per share from continuing operations of PHP 0.02 a year ago. Diluted earnings per share from continuing operations was PHP 0.09 compared to diluted loss per share from continuing operations of PHP 0.02 a year ago.
For the six months, sales was PHP 1,242.67 million compared to PHP 287.86 million a year ago. Net income was PHP 212.3 million compared to net loss of PHP 166.31 million a year ago. Basic earnings per share from continuing operations was PHP 0.07 compared to basic loss per share from continuing operations of PHP 0.06 a year ago. Diluted earnings per share from continuing operations was PHP 0.07 compared to diluted loss per share from continuing operations of PHP 0.06 a year ago.
Marcventures Holdings, Inc. is a Philippines-based holding company. The Companyâs subsidiaries include Marcventures Mining & Development Corporation (MMDC), BrightGreen Resources Corp. (BRC), Alumina Mining Philippines Inc. (AMPI) and Bauxite Resources Inc. (BARI). MMDC holds mineral production sharing agreement (MPSA) No. 016-93-XI which covers 4,799 hectares in the province of Surigao Del Sur. BRC is an exploration-stage company, which holds MPSA No. 015-93-XIII, covering approximately 4,860 ha of the Municipalities of Carrascal and Cantilan in the Province of Surigao del Sur. AMPI holds MPSA No. 179-2002 VIII (SBMR) with an area of 6,694 ha located in the Province of Samar. BARI holds MPSA No. 180-2002 VIII (SBMR) with an area of 5,519 ha located in the Province of Samar.