Atok-Big Wedge Co., Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 16, 2021 at 10:10 am IST
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Atok-Big Wedge Co., Inc. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported net loss was PHP 0.797146 million compared to PHP 1.55 million a year ago. Basic loss per share from continuing operations was PHP 0.0003 compared to PHP 0.0006 a year ago.
For the nine months, net loss was PHP 2.3 million compared to PHP 2.53 million a year ago. Basic loss per share from continuing operations was PHP 0.0009 compared to PHP 0.001 a year ago.
Atok-Big Wedge Co., Inc. is a Philippines-based company, which is engaged in the business of exploration and development of mining, oil, gas, and natural resources. The Company operates through two segments: Mining, Exploration and Development, and Stock Transfer Agency. Its subsidiaries include AB Stock Transfer Corporation (ABSTC) and Tidemark Holdings Limited. Its ABSTC is engaged in establishing, operating, and acting as transfer agent and/or registrar of corporations. Tidemark Holdings Limited owns an approximately 20% interest in Forum Energy Ltd. Forum Energy Ltd is a gas & oil exploration and production company with a portfolio of projects in the Philippines. Among these projects is Service Contract No. (SC) 72 where Forum holds 70% equity.