Marcventures Holdings, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 10, 2021 at 06:20 am IST
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Marcventures Holdings, Inc. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was PHP 2,551.47 million compared to PHP 601.45 million a year ago. Net income was PHP 956.62 million compared to PHP 25.66 million a year ago. Basic earnings per share from continuing operations was PHP 0.32 compared to PHP 0.01 a year ago. Diluted earnings per share from continuing operations was PHP 0.32 compared to PHP 0.01 a year ago.
For the nine months, sales was PHP 2,737.27 million compared to PHP 1,692.24 million a year ago. Net income was PHP 790.31 million compared to PHP 163.18 million a year ago. Basic earnings per share from continuing operations was PHP 0.262 compared to PHP 0.054 a year ago. Diluted earnings per share from continuing operations was PHP 0.262 compared to PHP 0.054 a year ago.
Marcventures Holdings, Inc. is a Philippines-based holding company. The Companyâs subsidiaries include Marcventures Mining & Development Corporation (MMDC), BrightGreen Resources Corp. (BRC), Alumina Mining Philippines Inc. (AMPI) and Bauxite Resources Inc. (BARI). MMDC holds mineral production sharing agreement (MPSA) No. 016-93-XI which covers 4,799 hectares in the province of Surigao Del Sur. BRC is an exploration-stage company, which holds MPSA No. 015-93-XIII, covering approximately 4,860 ha of the Municipalities of Carrascal and Cantilan in the Province of Surigao del Sur. AMPI holds MPSA No. 179-2002 VIII (SBMR) with an area of 6,694 ha located in the Province of Samar. BARI holds MPSA No. 180-2002 VIII (SBMR) with an area of 5,519 ha located in the Province of Samar.