Basic Energy Corporation reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was PHP 19,344.48 million. Net income was PHP 157.72 million compared to net loss of PHP 14.14 million a year ago. Basic earnings per share from continuing operations was PHP 0.01. Diluted earnings per share from continuing operations was PHP 0.01.
For the nine months, sales was PHP 56,077.23 million. Net income was PHP 258.06 million compared to net loss of PHP 47.6 million a year ago. Basic earnings per share from continuing operations was PHP 0.02. Diluted earnings per share from continuing operations was PHP 0.02.