IPM Holdings, Inc. Reports Unaudited Consolidated and Parent Company Earnings Results for the Second Quarter and Six Months Ended June 30, 2017
August 15, 2017 at 05:59 am IST
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IPM Holdings, Inc. reported unaudited consolidated and parent company earnings results for the second quarter and six months ended June 30, 2017. For the quarter, the consolidated company reported gross revenue of PHP 93,728,200 against PHP 89,424,988 a year ago. Income before tax was PHP 42,745,096 against PHP 32,309,741 a year ago. Net income attributable to parent equity holder was PHP 22,780,511 against PHP 17,078,839 a year ago. Earnings per diluted share was PHP 0.02 against PHP 0.02 a year ago. Net cash provided by operating activities was PHP 2,691,100 against PHP 4,451,466 a year ago.
For the six months, the consolidated company reported gross revenue of PHP 188,476,618 against PHP 179,147,580 a year ago. Income before tax was PHP 74,052,681 against PHP 69,171,581 a year ago. Net income attributable to parent equity holder was PHP 38,891,999 against PHP 35,885,666 a year ago. Earnings per diluted share was PHP 0.05 against PHP 0.05 a year ago. Net cash provided by operating activities was PHP 3,562,127 against net cash used in operating activities of PHP 68,455,729 a year ago.
For the quarter, the parent company reported interest of PHP 390 against PHP 360 a year ago. Loss before income tax was PHP 695,908 against income of PHP 805,345 a year ago. Net loss was PHP 695,986 against PHP 805,417 a year ago. Basic/diluted loss per share was PHP 0.0010 against PHP 0.0011 a year ago. Net cash provided by operating activities was PHP 122,350 against net cash used in operating activities was PHP 694,787 a year ago.
For the six months, the parent company reported interest of PHP 726 against PHP 1,251 a year ago. Loss before income tax was PHP 1,379,967 against PHP 1,444,657 a year ago. Net loss was PHP 1,380,112 against PHP 1,444,907 a year ago. Basic/diluted loss per share was PHP 0.002 against PHP 0.002 a year ago. Net cash used in operating activities was PHP 414,741 against net cash provided by operating activities was PHP 2,272,510 a year ago.
IPM Holdings, Inc. is a Philippines-based company. The Company is engaged in the business of investment to own, hold, use, sell, assign, transfer, mortgage, pledge, exchange or otherwise dispose of real and personal property of every kind and description, and to manage any business, joint venture, firm partnership, corporation, institution or entity or otherwise act as holding or management corporation thereof. The Companyâs subsidiary, Basic Environmental Systems and Technologies, Inc. (BEST), is engaged in a contracting and consulting business for waste management, cleansing, sanitation and general hygiene to provide comprehensive waste disposal services. The Company operates through two segments: investment holding and service.