Forum Pacific, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2021
May 17, 2021 at 12:51 pm IST
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Forum Pacific, Inc. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced operating loss was PHP 558,108 compared to PHP 535,236 a year ago. Net loss was PHP 675,209 compared to PHP 642,927 a year ago. Basic loss per share from continuing operations was PHP 0.0006 compared to PHP 0.0005 a year ago.
Forum Pacific, Inc. is a Philippines-based company engaged in scientific and geological research into energy (geothermal and coal), oil, and natural gas. The Company is engaged in investing, purchasing and acquiring assets of any kind and is also engaged in the exploration, development and production of petroleum and related products as well as other mineral and chemical substances. The Company is also considering investing in potential renewable energy sources like solar power, ethane, biofuels, hydro, wind, and geothermal energy.