A. Soriano Corporation Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 09, 2023 at 12:49 pm IST
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A. Soriano Corporation reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported revenue was PHP 3,117.6 million compared to PHP 1,460.9 million a year ago. Net income was PHP 420.88 million compared to net loss of PHP 796.9 million a year ago. Basic earnings per share from continuing operations was PHP 0.34 compared to basic loss per share from continuing operations of PHP 0.65 a year ago. Diluted earnings per share from continuing operations was PHP 0.34 compared to diluted loss per share from continuing operations of PHP 0.65 a year ago.
For the six months, revenue was PHP 6,656.54 million compared to PHP 6,930.76 million a year ago. Net income was PHP 1,058.91 million compared to PHP 1,903.47 million a year ago. Basic earnings per share from continuing operations was PHP 0.86 compared to PHP 1.55 a year ago. Diluted earnings per share from continuing operations was PHP 0.86 compared to PHP 1.55 a year ago.
A. Soriano Corporation is a Philippines-based holding company with diverse investments. The Companyâs core operating investments include Phelps Dodge Philippines Energy Products Corporation and Seven Seas Resorts and Leisure, Inc. The Company has three segments. Holding company segment pertains to the operations of the Company. Resort operations segment pertains to the Companyâs subsidiary providing hotel and resort accommodation, relaxation and entertainment, among others, while villa development includes the sale of villa lots, construction of structures and setting up of furniture, fixtures and equipment. Cable and Wire Manufacturing segment pertains to the Companyâs subsidiaries engaged in manufacturing, importing, exporting, buying, selling or otherwise dealing in, at wholesale, goods, such as building wires, power cables, aluminum wires and cables, copper rods, automotive wires and other energy-related goods of electrical nature.
A. SORIANO CORPORATION 