Italpinas Development 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 68.14 million compared to PHP 83.34 million a year ago. Net income was PHP 3.93 million compared to PHP 4.28 million a year ago. Basic earnings per share from continuing operations was PHP 0.01 compared to PHP 0.0069 a year ago. Diluted earnings per share from continuing operations was PHP 0.01 compared to PHP 0.0069 a year ago.
For the nine months, sales was PHP 185.68 million compared to PHP 248.51 million a year ago. Net income was PHP 19.53 million compared to PHP 28.28 million a year ago. Basic earnings per share from continuing operations was PHP 0.03 compared to PHP 0.0483 a year ago. Diluted earnings per share from continuing operations was PHP 0.03 compared to PHP 0.0483 a year ago.