Aboitiz Equity Ventures, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 16, 2021 at 05:09 am IST
Share
Aboitiz Equity Ventures, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced sales was PHP 55,799.139 million compared to PHP 49,016.903 million a year ago. Net income was PHP 5,835.244 million compared to PHP 1,896.617 million a year ago. Basic earnings per share from continuing operations was PHP 1.04 compared to PHP 0.34 a year ago. For the half year, sales was PHP 102,334.189 million compared to PHP 94,606.065 million a year ago. Net income was PHP 13,462.379 million compared to PHP 3,924.626 million a year ago. Basic earnings per share from continuing operations was PHP 2.39 compared to PHP 0.7 a year ago.
Aboitiz Equity Ventures, Inc. is a holding and management company. The Company and its subsidiaries are engaged in various business activities mainly in the Philippines, including power generation, retail electricity supply and power distribution, food manufacturing, banking and financial services, real estate development, and infrastructure. Its segments include power segment, which is engaged in power generation and sale of electricity; financial services segment, which is engaged in banking and money remittance operations; food manufacturing segment, which is engaged in the production of flour and feeds and swine breeding; real estate segment, which is engaged in real property development for sale and lease; infrastructure segment, which is engaged in the production of cement and other building materials and in the supply of treated bulk water; and the parent company and others include the operations of the Company and the service provider subsidiaries that cater to the Group.